Posted by **Katie** on Wednesday, December 14, 2011 at 4:12pm.

Instructions: Prepare your answers using Excel and show your work to get full or partial credit.

Question 1:

Using the file Wages.xlsx which contains information of working individuals, for a nationwide firm (Value 7 points).

a) Run Descriptive Statistics for the variables Education, Number of siblings, Mother’s years of education and Father’s years of education. Show your output. What is the mean of each of these variables? What is the number of observations (n)?

b) Estimate a regression equation of education on the number of siblings, mother’s years of education and father’s years of education as independent variables. Show the Excel output.

c) Write the Sample Regression Function

d) Interpret the coefficients of the regression

e) Are the coefficients statistically significant at the 95% confidence level? Write down the hypothesis that you are testing for each coefficient, and explain your conclusions.

f) Suppose that Tom has 3 siblings, and his mother has 10 years of education and his father has 14 years of education. Henry has no siblings, and his mother and father each has 16 years of education. Using the regression equation, calculate the estimated education for Tom and Henry

g) What is the predicted difference in years of education between Tom and Henry?

## Answer This Question

## Related Questions

- geometry - User: Courtney Thompson In Course: Geometry V8 ( 2167) Instructor: ...
- Business Analytics statistics - I don't under stand ho to get the answer to this...
- Business Statistics - The Bureau of Labor Statistics’ American Time Use Survey ...
- managerial economics - my cubic equation is O=C+aL+bL^2+cL3 how can i get the ...
- Statistics - The assignment is in three parts: 1. An analytic section that you ...
- statistics - For this discussion you will need to come up with twenty different ...
- Business/ Strategic Management - If you don't mind if you could give me TWO ...
- college Algebra - 1) Solve the following by factoring: a) Answer: Show your work...
- Business - Research the Goldman Sachs website. Using your research findings from...
- Statistics - Select a random sample of 30 student responses to question 6, "How ...

More Related Questions