Econ120BCh6

Econ120BCh6 - Chapter 6 Answers 6.1, 6.2, 6.3, 6.4, 6.5,...

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Chapter 6 Answers 6.1, 6.2, 6.3, 6.4, 6.5, 6.6, 6.9, 6.11 1. By equation (6.15) in the text, we know 22 1 1( 1 1 n ) . R R nk  Thus, that values of 2 R are 0.175, 0.189, and 0.193 for columns (1)–(3). 2. (a) Workers with college degrees earn $5.46/hour more, on average, than workers with only high school degrees. (b) Men earn $2.64/hour more, on average, than women. 3. (a) On average, a worker earns $0.29/hour more for each year he ages. (b) Sally’s earnings prediction is 4 40 5 48 1 2 62 1 0 29 29 15 67        5 48 1 2 62 1 0 29 34 17 12     dollars per hour. Betsy’s earnings prediction is dollars per hour. The difference is 1.45 4 40 4. (a) Workers in the Northeast earn $0.69 more per hour than workers in the West, on average, controlling for other variables in the regression. Workers in the Northeast earn $0.60 more per hour than workers in the West, on average, controlling for other variables in the regression.
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This note was uploaded on 09/19/2009 for the course ECON 656820 taught by Professor Megerdichian during the Summer '09 term at UCSD.

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Econ120BCh6 - Chapter 6 Answers 6.1, 6.2, 6.3, 6.4, 6.5,...

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