Solved

A Subsample from the Current Population Survey Is Taken, on Weekly

Question 39

Essay

A subsample from the Current Population Survey is taken, on weekly earnings of
individuals, their age, and their gender.You have read in the news that women make 70
cents to the $1 that men earn.To test this hypothesis, you first regress earnings on a
constant and a binary variable, which takes on a value of 1 for females and is 0 otherwise.
The results were:  Earn ^=570.70170.72× Female ,R2=0.084,SER=282.12\widehat { \text { Earn } } = 570.70 - 170.72 \times \text { Female } , R ^ { 2 } = 0.084 , S E R = 282.12 (a)There are 850 females in your sample and 894 males.What are the mean earnings of
males and females in this sample? What is the percentage of average female income to
male income?

Correct Answer:

verifed

Verified

As individuals become one year older, th...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents