Assign 2

# Assign 2 - Question 1 of 7 Estimate Wagei = 0 1Femalei ui...

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Question 1 of 7

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Estimate Wage i = ß 0 1 Female i +u i - What is the meaning of ß 0 in this example? Beta 0 is the y-intercept of the function. It is also the expected wage of males Question 2 of 7 What is the meaning of ß 1 in this example? Beta 1 is the slope of the regression line. It is also the difference between the expected wages of males and females. Question 3 of 7 Report your intercept estimate 11.96504 Question 4 of 7 Report your slope estimate -3.018135 Question 5 of 7 What is the predicted value wage for a male worker? \$11.96504 per hour
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