Question: A large data set on Toledo workers was collected and the first three workers are characterized by: Hourly Worker Age Wage Female Union High School

A large data set on Toledo workers was collected and the first three workers are characterized by: Hourly Worker Age Wage Female Union

High School 33 $20 WN 30 $24 36 $16 where: Female =

(1 if a worker is a female Union f1 if a worker

A large data set on Toledo workers was collected and the first three workers are characterized by: Hourly Worker Age Wage Female Union High School 33 $20 WN 30 $24 36 $16 where: Female = (1 if a worker is a female Union f1 if a worker belongs to a union 10 otherwise 10 otherwise High School = (1 if a worker has a high school diploma lo otherwise For the entire data set the average age is 31, the standard deviation of the age is 5, the average hourly wage is $15, and the standard deviation of the hourly wage is $4. What is the matching coefficient for Workers 2 and 3 based on Female, Union, and High School?

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8. What are the costs of collecting the information?