Method: Date: Time: No. Observations: Df Residuals: Dr Model: Covariance Type: Intercept educ IQ KWW exper black feduc meduc Least Squares Wed, 23 Nov 2022 08:57:40 coef -503.0058 40.5455 3.1654 7.2094 16.2338 -59.2987 10.8278 5.0471 nonrobust std err 722 714 7 138.947 8.660 1.199 2.120 3.740 52.143 5.353 6.106 F-statistics Prob (F-statistic): Log-Likelihood: AIC: BIC: t -3.620 4.682 2.640 3.400 4.340 -1.137 2.023 0.827 [0.025 p>It| 0.000 -775.800 0.000 23.543 0.008 0.812 0.001 3.047 0.000 8.891 0.256 -161.671 0.043 0.409 0.318 -6.941 23.83 3.31e-29 -5288.5 1.0590+04 1.063-04 0.9751 -230.212 57.548 5.519 11.372 23.577 43.074 21.338 17.035 Above is a regression of men's monthly earnings in dollars as a function of their years of education, their IQ score in "points", their Knowledge of the World of Work (KWW) score in points (a measure of their knowledge of how occupations work), their years of work experience (exper), whether they are Black, and their parents' education (feduc and meduc). How would you interpret the coefficient on mother's education (meduc)? For each additional year of education completed by a man's mother, a man earns about 5 percent more per month, controlling for education, IQ, knowledge of the world of work score, years of work experience, whether he's Black, and his father's education. For each additional year of education completed by a man's mother, a man earns about $5 more per month, controlling for education, IQ knowledge of the world of work score, years of work experience, whether he's Black, and his father's education. For each additional year of education completed by a man's mother, a man earns about $0.83 more per month, controlling for education, IQ, knowledge of the world of work score, years of work experience, whether he's Black, and his father's education. For each additional year of education completed by a man's mother, a man earns about $6 more per month, controlling for education, IQ knowledge of the world of work score, years of work experience, whether he's Black, and his father's education.
Method: Date: Time: No. Observations: Df Residuals: Dr Model: Covariance Type: Intercept educ IQ KWW exper black feduc meduc Least Squares Wed, 23 Nov 2022 08:57:40 coef -503.0058 40.5455 3.1654 7.2094 16.2338 -59.2987 10.8278 5.0471 nonrobust std err 722 714 7 138.947 8.660 1.199 2.120 3.740 52.143 5.353 6.106 F-statistics Prob (F-statistic): Log-Likelihood: AIC: BIC: t -3.620 4.682 2.640 3.400 4.340 -1.137 2.023 0.827 [0.025 p>It| 0.000 -775.800 0.000 23.543 0.008 0.812 0.001 3.047 0.000 8.891 0.256 -161.671 0.043 0.409 0.318 -6.941 23.83 3.31e-29 -5288.5 1.0590+04 1.063-04 0.9751 -230.212 57.548 5.519 11.372 23.577 43.074 21.338 17.035 Above is a regression of men's monthly earnings in dollars as a function of their years of education, their IQ score in "points", their Knowledge of the World of Work (KWW) score in points (a measure of their knowledge of how occupations work), their years of work experience (exper), whether they are Black, and their parents' education (feduc and meduc). How would you interpret the coefficient on mother's education (meduc)? For each additional year of education completed by a man's mother, a man earns about 5 percent more per month, controlling for education, IQ, knowledge of the world of work score, years of work experience, whether he's Black, and his father's education. For each additional year of education completed by a man's mother, a man earns about $5 more per month, controlling for education, IQ knowledge of the world of work score, years of work experience, whether he's Black, and his father's education. For each additional year of education completed by a man's mother, a man earns about $0.83 more per month, controlling for education, IQ, knowledge of the world of work score, years of work experience, whether he's Black, and his father's education. For each additional year of education completed by a man's mother, a man earns about $6 more per month, controlling for education, IQ knowledge of the world of work score, years of work experience, whether he's Black, and his father's education.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
![Method:
Date:
Time:
No. Observations:
Df Residuals:
Dr Model:
Covariance Type:
Intercept
educ
10
KWW
exper
black
feduc
meduc
Least Squares
Wed, 23 Nov 2022
08:57:40
coef
-503.0058
40.5455
3.1654
7.2094
16.2338
-59.2987
10.8278
5.0471
nonrobust
std err
722
714
7
138.947
8.660
1.199
2.120
3.740
52.143
5.353
6.106
F-statistics
Prob (F-statistic):
Log-Likelihood:
AIC:
BIC:
-3.620
4.682
2.640
3.400
4.340
-1.137
2.023
0.827
P> [t]
0.000
0.000
0.008
0.001
0.000
0.256
0.043
0.409
10.025
-775.800
23.543
0.812
3.0471
8.891
-161.671
0.318
-6.941
23.83
3.310-29
-5288.5
1.0590+04
1.063+04
0.975)
-230.212
57.548
5.519
11.372
23.577
43.074
21.338
17.035
Return
Next
Above is a regression of men's monthly earnings in dollars as a function of their years of education, their IQ score in "points", their Knowledge of the World of Work (KWW)
score in points (a measure of their knowledge of how occupations work), their years of work experience (exper), whether they are Black, and their parents' education (feduc
and meduc).
How would you interpret the coefficient on mother's education (meduc)?
For each additional year of education completed by a man's mother, a man earns about 5 percent more per month, controlling for education, IQ knowledge of the world
of work score, years of work experience, whether he's Black, and his father's education.
For each additional year of education completed by a man's mother, a man earns about $5 more per month, controlling for education, IQ, knowledge of the world of
work score, years of work experience, whether he's Black, and his father's education.
For each additional year of education completed by a man's mother, a man earns about $0.83 more per month, controlling for education, IQ, knowledge of the world of
work score, years of work experience, whether he's Black, and his father's education.
For each additional year of education completed by a man's mother, a man earns about $6 more per month, controlling for education, IQ, knowledge of the world of
work score, years of work experience, whether he's Black, and his father's education.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcaf13337-fb8a-4943-9515-20caf500f130%2Ff7127474-4b6b-4a66-9f2c-4af2d5537c5f%2Fjfn62w_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Method:
Date:
Time:
No. Observations:
Df Residuals:
Dr Model:
Covariance Type:
Intercept
educ
10
KWW
exper
black
feduc
meduc
Least Squares
Wed, 23 Nov 2022
08:57:40
coef
-503.0058
40.5455
3.1654
7.2094
16.2338
-59.2987
10.8278
5.0471
nonrobust
std err
722
714
7
138.947
8.660
1.199
2.120
3.740
52.143
5.353
6.106
F-statistics
Prob (F-statistic):
Log-Likelihood:
AIC:
BIC:
-3.620
4.682
2.640
3.400
4.340
-1.137
2.023
0.827
P> [t]
0.000
0.000
0.008
0.001
0.000
0.256
0.043
0.409
10.025
-775.800
23.543
0.812
3.0471
8.891
-161.671
0.318
-6.941
23.83
3.310-29
-5288.5
1.0590+04
1.063+04
0.975)
-230.212
57.548
5.519
11.372
23.577
43.074
21.338
17.035
Return
Next
Above is a regression of men's monthly earnings in dollars as a function of their years of education, their IQ score in "points", their Knowledge of the World of Work (KWW)
score in points (a measure of their knowledge of how occupations work), their years of work experience (exper), whether they are Black, and their parents' education (feduc
and meduc).
How would you interpret the coefficient on mother's education (meduc)?
For each additional year of education completed by a man's mother, a man earns about 5 percent more per month, controlling for education, IQ knowledge of the world
of work score, years of work experience, whether he's Black, and his father's education.
For each additional year of education completed by a man's mother, a man earns about $5 more per month, controlling for education, IQ, knowledge of the world of
work score, years of work experience, whether he's Black, and his father's education.
For each additional year of education completed by a man's mother, a man earns about $0.83 more per month, controlling for education, IQ, knowledge of the world of
work score, years of work experience, whether he's Black, and his father's education.
For each additional year of education completed by a man's mother, a man earns about $6 more per month, controlling for education, IQ, knowledge of the world of
work score, years of work experience, whether he's Black, and his father's education.
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