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:
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
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
6
![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:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe6c5ff51-13cf-4175-ab2a-d4efcda13885%2F205abcbe-bce0-42b9-8a9e-d3a576548801%2Fvrrmnxo_processed.jpeg&w=3840&q=75)
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:
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![Elementary Statistics: Picturing the World (7th E…](https://www.bartleby.com/isbn_cover_images/9780134683416/9780134683416_smallCoverImage.gif)
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
![The Basic Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319042578/9781319042578_smallCoverImage.gif)
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
![Introduction to the Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319013387/9781319013387_smallCoverImage.gif)
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman