HW Score: 30%, 3 of 10 p 3of3(1 complete) core: 0 of 2 pts nstructor-created que
ID: 3358423 • Letter: H
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HW Score: 30%, 3 of 10 p 3of3(1 complete) core: 0 of 2 pts nstructor-created question Question Help The data set consists of information on 4300-time full year workers. The highest educational achievement for each worker was elther a high school diploma or a rom 25 to 45 years. The data set also contained information on the region of the country where the person i Bved, marital status, and number of children. For the purposes of these exercises, let AHE average hourly earnings (in 2005 dolars) College binary variable (1 i' colege-or high school) Female binary variable(1 it female, 0 if male) Age age (n years) Ntheast binary variable (1 if Region Northeast, 0 otherwise) Midwest s binary variable (1 i Region Midwest 0 otherwise) South binary variable (1 Region South, 0 otherwise) Weet-binary variable (1 if Region-West, 0 otherwise) Results of Regressions of Average Hourly Earnings on Cender and Education Binary Variables and Other Characteristics Using Data from the Current Population Survey Dependent Variable: average hourly earnings (AHE) Regressor 573 0.22) 2 77 575 0 22) -275 5.71 (0 22) 2.75 College (X1) Female XExplanation / Answer
Clearly, p-value is .06. from the t-table, which implies we have to find out the corresponding t-stat for probability of .94.
At 1.645, the probability is .9 and 1.96, prob is .95. Using linear extrapolation is, t- value can be found which is 1.88( 2-tail test).
Answer is (a) because the p-value which is (.6) implies that variable is not significant at .05 level.
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