Suppose the following table was generated from sample data of 20 employees relating hourly wage to years of experience and whether or not they have a college degree. Using statistical software, create an indicator (dummy) variable for the variable "Degree" and find the regression equation. Is there enough evidence to support the claim that on average employees with a college degree have higher hourly wages than those without a college degree at the 0.01 level of significance? If yes, write the coefficient of the dummy variable in the space provided, rounded to two decimal places. Else, select "There is not enough evidence." Hourly wages of employees Wage Experience Degree 18.79 28 No 18 10 14 1 25 24 8 22.88 16.62 15.32 1.05 18.63 19.27 12.67 24.36 16.52 25.95 19.96 16.50 13.30 14.58 20 9 21 15 17 6 12 Yes Yes No Yes No No No Yes Yes Yes Yes No Yes No Copy Data
Suppose the following table was generated from sample data of 20 employees relating hourly wage to years of experience and whether or not they have a college degree. Using statistical software, create an indicator (dummy) variable for the variable "Degree" and find the regression equation. Is there enough evidence to support the claim that on average employees with a college degree have higher hourly wages than those without a college degree at the 0.01 level of significance? If yes, write the coefficient of the dummy variable in the space provided, rounded to two decimal places. Else, select "There is not enough evidence." Hourly wages of employees Wage Experience Degree 18.79 28 No 18 10 14 1 25 24 8 22.88 16.62 15.32 1.05 18.63 19.27 12.67 24.36 16.52 25.95 19.96 16.50 13.30 14.58 20 9 21 15 17 6 12 Yes Yes No Yes No No No Yes Yes Yes Yes No Yes No Copy Data
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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18.63
19.27
12.67
24.36
16.52
25.95
19.96
16.50
13.30
14.58
13.98
11.73
20.61
23.59
11.40
Ⓒ2022 Hawkes Learning
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There is not enough evidence
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Transcribed Image Text:Suppose the following table was generated from sample data of 20 employees relating hourly wage to years of experience and whether or not they have a college degree.
Using statistical software, create an indicator (dummy) variable for the variable "Degree" and find the regression equation. Is there enough evidence to support the claim
that on average employees with a college degree have higher hourly wages than those without a college degree at the 0.01 level of significance? If yes, write the
coefficient of the dummy variable in the space provided, rounded to two decimal places. Else, select "There is not enough evidence."
1
©2022 Hawkes Learning
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Hourly wages of employees
Wage Experience
18.79
28
22.88
18
16.62
10
15.32
14
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1.05
18.63
25
19.27
24
12.67
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24.36
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16.52
25.95
19.96
16.50
13.30
14.58
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Copy Data
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