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Use the data set "wagel" to answer the following. (i) Find the average education level in the sample. What is the minimu
Posted: Wed Jul 06, 2022 6:24 pm
by answerhappygod
- Use The Data Set Wagel To Answer The Following I Find The Average Education Level In The Sample What Is The Minimu 1 (117.12 KiB) Viewed 24 times
Use the data set "wagel" to answer the following. (i) Find the average education level in the sample. What is the minimum and maximum years of schooling in the sample. (ii) Find the average hourly wage in the sample and also find the average hourly wage among men and women. Are medians different? Interpret your findings. (iii) Find the correlation coefficient between wages & education, wages & experience, and experience & education. (iv) Estimate the model log(wage) = Bo+B₁education+u using this data set. Report the estimates, sample size, and R². (v) Based on your answer to part (iii), do you think that the estimate of 3₁ will capture the ceteris parabus effect of education on wages?