Exhibit 17.2.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 = β₀ + β₁Educ + β₂Exper + β₃Train + β₄Gender + ε Model B: Salary = β₀ + β₁Educ + β₂Exper + β₃Gender + ε Refer to Exhibit 17.2.Under the assumption of the same years of education and months of experience,what is the p-value for testing whether the mean salary of males is greater than the mean salary of females using Model B?

Question

Exhibit 17.2.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 = β₀ + β₁Educ + β₂Exper + β₃Train + β₄Gender + ε

Model B: Salary = β₀ + β₁Educ + β₂Exper + β₃Gender + ε

Refer to Exhibit 17.2.Under the assumption of the same years of education and months of experience,what is the p-value for testing whether the mean salary of males is greater than the mean salary of females using Model B?

Quizplus · Accepted Answer

The Answer of Exhibit 17.2.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 = β₀ + β₁Educ + β₂Exper + β₃Train + β₄Gender + ε Model B: Salary = β₀ + β₁Educ + β₂Exper + β₃Gender + ε Refer to Exhibit 17.2.Under the assumption of the same years of education and months of experience,what is the p-value for testing whether the mean salary of males is greater than the mean salary of females using Model B? A)At least 0.025 B)Less than 0.025 but at least 0.01 C)Less than 0.01 but at least 0.005 D)Less than 0.005