You are interested in understanding how the racial composition of school districts affect eacher's salaries. To do so, you collect data from a random sample of schools across the US. The following table includes descriptive statistics for 2 random variables: eacher salary summarizes the salaries of school teachers in the district (measured in housand dollars) share_nonwhite summarizes the share of students in the district that are not white. measured as a share of total student population) sample standard deviation 10 0.20 sample mean teacher salary 60 share_nonwhite 0.55 The sample covariance between teacher salary and the share of nonwhite students in he county is -0.12 Jsing this information and OLS, estimate the following simple linear regression model: eacher_salary Bo + Pi share_nonwhite + u Round your answers to two decimals:

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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You are interested in understanding how the racial composition of school districts affect
teacher's salaries. To do so, you collect data from a random sample of schools across the
US.
The following table includes descriptive statistics for 2 random variables:
teacher_salary summarizes the salaries of school teachers in the district (measured in
thousand dollars)
share_nonwhite summarizes the share of students in the district that are not white.
(measured as a share of total student population)
sample
standard
deviation
10
0.20
sample
mean
teacher salary 60
share_nonwhite 0.55
The sample covariance between teacher salary and the share of nonwhite students in
the county is -0.12
Using this information and OLS, estimate the following simple linear regression model:
teacher_salary = Bo + Bi share_nonwhite + u
Round your answers to two decimals:
Transcribed Image Text:You are interested in understanding how the racial composition of school districts affect teacher's salaries. To do so, you collect data from a random sample of schools across the US. The following table includes descriptive statistics for 2 random variables: teacher_salary summarizes the salaries of school teachers in the district (measured in thousand dollars) share_nonwhite summarizes the share of students in the district that are not white. (measured as a share of total student population) sample standard deviation 10 0.20 sample mean teacher salary 60 share_nonwhite 0.55 The sample covariance between teacher salary and the share of nonwhite students in the county is -0.12 Using this information and OLS, estimate the following simple linear regression model: teacher_salary = Bo + Bi share_nonwhite + u Round your answers to two decimals:
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