west Dinary vanable (1 Region a West, D otherwise) Results of Regressions of Average Hourly Earnings on Gender and Education Binary Variables and Other Characteristics Using Data from the Current Population Survey Dependent variable: average hourly earnings (AHE). Regressor (1) (2) (3) College (X,) 5.24 5,26 5.22 Female (X) Age (X) -2.53 -2.52 -2.52 0.28 0.28 Northeast (X) 0.66 Midwest (X) 0.58 South (X) -0.26 Intercept 12.18 4.22 3.60 Summary Statistica SER 6.02 5.97 5.96 0.169 0.182 0.186 0.169 0.181 0.185 3400 3400 3400 Using the regression resulta in column (2): On average, a worker eame $ 0.28 per hour more for each year that he or she apes. Is age an important determinant of earnings? OA Yes, because younger workers eam more than older workers OB. No, because older workers da not eam significantly more than younger workers.

Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter4: Writing Linear Equations
Section: Chapter Questions
Problem 14CR
Question
5
west Dinary vanable (1 Region a West, D otherwise)
Results of Regressions of Average Hourly Earnings on Gender and
Education Binary Variables and Other Characteristics Using Data
from the Current Population Survey
Dependent variable: average hourly earnings (AHE).
Regressor
(1)
(2)
(3)
College (X,)
5.24
5.26
5.22
Female (X)
Age (X)
-2.53
-2.52
-2.52
0.28
0.28
Northeast (X)
0.66
Midwest (X)
0.58
South (X)
-0.26
Intercept
12.18
4.22
3.60
Summary Statistica
SER
6.02
5.97
5.96
0.169
0.182
0.186
0.169
0.181
0.185
3400
3400
3400
Using the regression resulta in column (2):
On average, a worker eame $ 0.28 per hour more for ench year that he or she ages.
Is age an important determinant of earnings?
OA Yes, because younger workers eam more than older workers.
OB. No, because older workers do not eam significantly more than younger workers.
OC. No. because the difference in wages is minimal.
'o. Yes, because wages are not consistent across different age groups.
Sally is a 28-year-old fermale college graduate. Betsy is a 40-year-old female college graduate. Predict Sals and Betsy's eamings.
Sally's eamings prediction is $ per hour. (Round your resporise to two decimal places.)
Betsy's earnings prediction is S
per hour. (Round your response to two decimal places.)
The expected difference in earnings between Sally and Betsy is $
per hour. (Round your response fo two decimal places.)
Transcribed Image Text:west Dinary vanable (1 Region a West, D otherwise) Results of Regressions of Average Hourly Earnings on Gender and Education Binary Variables and Other Characteristics Using Data from the Current Population Survey Dependent variable: average hourly earnings (AHE). Regressor (1) (2) (3) College (X,) 5.24 5.26 5.22 Female (X) Age (X) -2.53 -2.52 -2.52 0.28 0.28 Northeast (X) 0.66 Midwest (X) 0.58 South (X) -0.26 Intercept 12.18 4.22 3.60 Summary Statistica SER 6.02 5.97 5.96 0.169 0.182 0.186 0.169 0.181 0.185 3400 3400 3400 Using the regression resulta in column (2): On average, a worker eame $ 0.28 per hour more for ench year that he or she ages. Is age an important determinant of earnings? OA Yes, because younger workers eam more than older workers. OB. No, because older workers do not eam significantly more than younger workers. OC. No. because the difference in wages is minimal. 'o. Yes, because wages are not consistent across different age groups. Sally is a 28-year-old fermale college graduate. Betsy is a 40-year-old female college graduate. Predict Sals and Betsy's eamings. Sally's eamings prediction is $ per hour. (Round your resporise to two decimal places.) Betsy's earnings prediction is S per hour. (Round your response to two decimal places.) The expected difference in earnings between Sally and Betsy is $ per hour. (Round your response fo two decimal places.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning