About $(4663 + 141 + 3 + 1 + 615) = $5423 About $(3 + 1 + 615) = $619 About $(46

Question

About $(4663 + 141 + 3 + 1 + 615) = $5423 About $(3 + 1 + 615) = $619 About $(4663 + 615) = $5278 About $615 To examine the differences between salaries of male and female middle managers of a large bank, 90 individuals were randomly selected and the following variables considered: Salary = the monthly salary (excluding fringe benefits and bonuses), Educ = the number of years of education, Exper = the number of months of experience, Train = the number of weeks of training, Gender = the gender of an individual; 1 for males, and 0 for females. Also, the following Excel partial outputs corresponding to the following models are available: Model A: Salary = ?0 + ?1Educ + ?2Exper + ?3Train + ?4Gender + ? Refer to Exhibit 17.2. Using Model A, what is the estimated average difference between the salaries of male and female employees with the same years of education, months of experience, and weeks of training?

Explanation / Answer

Answer: About $615

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