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.

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter4: Eigenvalues And Eigenvectors
Section4.6: Applications And The Perron-frobenius Theorem
Problem 22EQ
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.)
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