THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
In examining the determinants of income,data were collected regarding the characteristics of 45 adults,and the regression Y = β0 + β1X1 + β2X2 + β3X3 +ε was used,where Y is the annual income (in thousands of dollars) ,X1 is the person's age,X2 is his/her years of education,and X3 is a dummy variable = 1 if the adult is female.
-If you get = 26.3 + 1.38x1 + 2.98x2 - 0.76x3 when you run the regression,how would you interpret the coefficient on gender?
A) A woman earns 76% of a man's earnings.
B) For each additional year of education,a woman earns $760 less than a man.
C) For each additional year in the age,a woman earns $760 less than a man.
D) On average,a woman earns $760 less than a man.
Correct Answer:
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Q5: What is your conclusion regarding the hypothesis
Q6: You are interested in determining the factors
Q7: Which of the following would you use
Q8: What would you conclude if you fail
Q9: What is the correct interpretation of the
Q11: THE NEXT QUESTIONS ARE BASED ON THE
Q12: THE NEXT QUESTIONS ARE BASED ON THE
Q13: How would you interpret the coefficient on
Q14: The regressions Y = β0 + β1X1
Q15: The standard error of the estimate for
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