Using a sample of 30 residents in Kuala Lumpur, the following salary equation has been estimated:...
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Using a sample of 30 residents in Kuala Lumpur, the following salary equation has been estimated: In(salary) = 7.406 +0.184educ +0.006experience (0.151) (0.007) (0.003) R2= 0.185; SSE= 7.521- - a) Interpret all coefficient estimates. 0.245female (0.048) where the standard errors are reported in parentheses; salary is measured in RM; and education and experience are measured in years. b)Test the hypothesis that there is no difference in salary between females andmales at a= 0.01. Using a sample of 30 residents in Kuala Lumpur, the following salary equation has been estimated: In(salary) = 7.406 +0.184educ +0.006experience (0.151) (0.007) (0.003) R2= 0.185; SSE= 7.521- - a) Interpret all coefficient estimates. 0.245female (0.048) where the standard errors are reported in parentheses; salary is measured in RM; and education and experience are measured in years. b)Test the hypothesis that there is no difference in salary between females andmales at a= 0.01.
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a Interpretation of coefficient estimates 7406 is the intercept the natural log of expected salary w... View the full answer
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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