Source Value Std Err P value Intercept 26272.327 674.907 38.927 <0.0001 BA 35451.244 580.632 61.056 <0.0001 Female -17064.762 495.537 -34.437 <0.0001 FemalexBA -10509.614 824.520 -12.746 <0.0001 Age 533.753 14.074 37.925 <0.0001 Hours -1.698 0.878 -1.934 0.061 In an attempt to evaluate the difference in the impact of a degree on income by gender a researcher filters their data down to just individuals with a High School Diploma or a Bachelors Degree and gets the results shown above. a. How much does a Bachelors Degree increase the income for a woman? b. How much is the difference in the impact of a Bachelors Degree for women compared with men? c. What would the income be for a 52 year old male with a Bachelors Degree, who works an average of 50 hours a week?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
Source
Value
Std Err
P value
Intercept
26272.327
674.907
38.927
<0.0001
BA
35451.244
580.632
61.056
<0.0001
Female
-17064.762
495.537
-34.437
<0.0001
FemalexBA
-10509.614
824.520
-12.746
<0.0001
Age
533.753
14.074
37.925
<0.0001
Hours
-1.698
0.878
-1.934
0.061
In an attempt to evaluate the difference in the impact of a degree on income by gender
a researcher filters their data down to just individuals with a High School Diploma or a
Bachelors Degree and gets the results shown above.
a. How much does a Bachelors Degree increase the income for a woman?
b. How much is the difference in the impact of a Bachelors Degree for women
compared with men?
c. What would the income be for a 52 year old male with a Bachelors Degree, who
works an average of 50 hours a week?
Transcribed Image Text:Source Value Std Err P value Intercept 26272.327 674.907 38.927 <0.0001 BA 35451.244 580.632 61.056 <0.0001 Female -17064.762 495.537 -34.437 <0.0001 FemalexBA -10509.614 824.520 -12.746 <0.0001 Age 533.753 14.074 37.925 <0.0001 Hours -1.698 0.878 -1.934 0.061 In an attempt to evaluate the difference in the impact of a degree on income by gender a researcher filters their data down to just individuals with a High School Diploma or a Bachelors Degree and gets the results shown above. a. How much does a Bachelors Degree increase the income for a woman? b. How much is the difference in the impact of a Bachelors Degree for women compared with men? c. What would the income be for a 52 year old male with a Bachelors Degree, who works an average of 50 hours a week?
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