Suppose that a researcher, using wage data on 270 randomly selected male workers and 302 female workers, estimates the OLS regression Wage = 13.522 + 2.290 × Male, R = 0.05, SER=4.5, (0.2484) (0.3888) where Wage is measured in dollars per hour and Male is a binary variable that is equal to 1 if the person is a male and 0 if the person is a female. Defir gender gap as the difference in mean earnings between men and women. What is the estimated gender gap? The estimated gender gap equals $ 2.29 per hour. (Round your response to three decimal places.)

Suppose that a researcher, using wage data on 270 randomly selected male workers and 302 female workers, estimates the OLS regression Wage = 13.522 + 2.290 × Male, R = 0.05, SER=4.5, (0.2484) (0.3888) where Wage is measured in dollars per hour and Male is a binary variable that is equal to 1 if the person is a male and 0 if the person is a female. Defir gender gap as the difference in mean earnings between men and women. What is the estimated gender gap? The estimated gender gap equals $ 2.29 per hour. (Round your response to three decimal places.)

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter7: Distance And Approximation

Section7.3: Least Squares Approximation

Problem 31EQ

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