Quiz+2005+Answers

Quiz+2005+Answers - API 202BCD Quiz 2005 Suggested Answers...

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Unformatted text preview: API 202BCD Quiz 2005 Suggested Answers 1) a. Full Credit (2 points): circle correct value ------------------------------------------------------------------------------ | Robust wage | Coef. Std. Err. t P>|t| [95% Conf. Interval] -------------+---------------------------------------------------------------- exp | .0381383 .0184985 1.95 0.051 -.0002008 .0724774 _cons | 8.379879 .4024542 20.82 0.000 7.589285 9.170473 ------------------------------------------------------------------------------ b. Full Credit (3 points): This is the average increase in wages associated with a one-unit increase in experience. That is, a one-year increase in experience is associated with a $38 increase in wages. 2 points: Saying something specific about years or wages, but not both. 1 point: Saying something general about this being a slope, or change in y for a one-unit change in x. 2). a. Full Credit (2 points): circle correct value ------------------------------------------------------------------------------...
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This note was uploaded on 04/12/2009 for the course HKS API202A taught by Professor Levy during the Spring '09 term at Harvard.

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Quiz+2005+Answers - API 202BCD Quiz 2005 Suggested Answers...

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