Suppose the relationship between wage, years of education (educ), years of experience (exper), and participation in a
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Question:
Suppose the relationship between wage, years of education (educ), years of experience (exper), and participation in a job training program (train) is modeled as: log ( ) = + + + . Which of the following is the most accurate interpretation of the coefficient, ?
a. | Participating in the training program increases the wage by $ . | |
b. | Participating in the training program is predicted to increase the wage by % . | |
c. | Holding education and experience constant, participating in the training program is predicted to increase the wage by | |
d. | Holding education and experience constant, participating in the training program increases the wage by $ . |
Related Book For
Cornerstones of Cost Management
ISBN: 978-1285751788
3rd edition
Authors: Don R. Hansen, Maryanne M. Mowen
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