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With a regression equation and following data points: ADE = 135 + 28 * Dmale i=1,...,n R squared = 0.15 SER = 3.5 ADE: Average
With a regression equation and following data points:
ADE = 135 + 28 * Dmale
i=1,...,n
R squared = 0.15
SER = 3.5
ADE: Average daily earnings of individual i in dollars.
Dmale: Dummy variable. D=1 is a male and D=0 is a female.
Question: Devise a 95% confidence interval for Average daily earnings for male. Can you reject the null hypothesis of "there is no wage difference between the genders?"
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