bachelor's degree. The workers' ages ranged from 25 to 34 years. The data set also containsinformation on the region of the country where the person lived, marital status, and number ofchildren. LetAHE=average hourly earningsCollege=binary variable (1 if college, O if high school)Female-binary variable (1 if female, O if high male)Age-age in yearsNortheast-binary variable (1 if Region=Northeast, O otherwise)Midwest-binary variable (1 if Region=Midwest, O otherwise)South=binary variable (1 if Region=South, O otherwise)West-binary variable (1 if Region=West, O otherwise)Results of Regressions of Average Hourly Earnings on Sex and Education Binary Variablesand Other Characteristics Using 2015 Data from the Current Population SurveyDependent variable: average hourly earnings (AHE).Regressor(1)(2)(3)College (X;)10.47(0.29)10.44(0.29)10.42(0.29)Female (X)-4.56(1.29)-4.57(0.29)-4.69(0.29)Age (X)0.61(0.06)(0.06)Northeast (N)0.74(047)Midwest (X)-1.54(0.40)South (X)0.44(0.37)Intercept18.150.110.33(1.47)(0.19)(1.46)Summary Statistics and Joint TestsF-statistic testing regional effects = 09.32SER12.1512.0312.01Ra1650.1820.185717871787178Use the regression results in column (3): Juanita is a 28-year-old female college graduate from theSouth. Molly is a 28-year-old female college graduate from the West. Construct a 95% confidenceinterval for the difference in expected earnings between Juanita and Molly.O 1-4.33, 4.33]O 1.41, 2.831O 19.90, 11.041O -1.17, 0.29]

Th confidence interval is used to estimate the interval range within which the true parameter of the…

Answered: Results of Regressions of Average…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

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Problem 1P

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