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Unformatted text preview: the same for these two groups in the population against the twosided alternative at the 5% level? Example 3 = 14.883 + 7.103 × CollegeDegree i n = 4,673 (0.164) (0.257) The dummy CollegeDegree equals 1 for college graduates and 0 for high school graduates. The sample consists of fulltime male workers aged 2534 whose highest level of educational attainment is either a high school degree or a college degree. Robust standard errors appear in parentheses. What are average hourly earnings for college graduates in the sample? What are average hourly earnings for high school graduates in the sample? Do you reject the null that average hourly earnings are the same for these two groups in the population against the twosided alternative at the 5% level?...
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 Fall '08
 ABDUS,S.
 average hourly earnings

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