Consider a model with an interaction term between being female and being married. The dependent variable is the log of the hourly wage: log(wage) = 0.151 -0.038 female + 0.1 married – 0.301 female* married +0.079 educ + 0.027 exper +0.029 tenure (0.072) (0.056) (0.055) (0.007) (0.005) (0.007) n =536, R2 =0.461 Numbers in parantheses are standard errors of coefficients. Given the estimation result and the observation number fill in the blanks below which aim at discussing the statistical significance of variables. The test statistic of the interaction term is The critical value at 1% significance level is Then the interaction term statistically significant at 1% significance level. (Hint: to fill the blank make a choice between "is" and "is not".)

Consider a model with an interaction term between being female and being married. The dependent variable is the log of the hourly wage: log(wage) = 0.151 -0.038 female + 0.1 married – 0.301 female* married +0.079 educ + 0.027 exper +0.029 tenure (0.072) (0.056) (0.055) (0.007) (0.005) (0.007) n =536, R2 =0.461 Numbers in parantheses are standard errors of coefficients. Given the estimation result and the observation number fill in the blanks below which aim at discussing the statistical significance of variables. The test statistic of the interaction term is The critical value at 1% significance level is Then the interaction term statistically significant at 1% significance level. (Hint: to fill the blank make a choice between "is" and "is not".)

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Description: Consider a model with an interaction term between being female and being married. The dependent variable is the log of thehourly wage:log(wage) = 0.151 - 0.038 female + 0.1 married - 0.301 female* married + 0.079 educ + 0.027 exper+0.029 tenure(0.07

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.8: Fitting Exponential Models To Data

Problem 3TI: Table 6 shows the population, in thousands, of harbor seals in the Wadden Sea over the years 1997 to...

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