Question: A subsample from the Current Population Survey is taken on weekly earnings their age, and their gender. You have read in the news that women

A subsample from the Current Population Survey is taken on weekly earnings their age, and their gender. You have read in the news that women make 70 that men earn. To test this hypothesis, you first regress earnings on a constan variable, which takes on a value of 1 for females and is 0 otherwise. There are your sample and 894 males. The results were: Earnings =570.70-170.72 xx Female ,quadR^(2)=0.084,quad SER= What are the average earnings of males and females in this sample? percentage of average female income to male income? Can you confi have read in the news? Is it likely that the error term is homoscedastic here? Why

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