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Above is a regression of men's monthly earnings in dollars as a function of their years of education, their IQ score in "points", their Knowledge of the World of Work (KWW score in points (a measure of their knowledge of how occupations work), their years of work experience (exper), whether they are Black, and their parents' education (fea and meduc).

Above is a regression of men's monthly earnings in dollars as a function of their years of education, their IQ score in "points", their Knowledge of the World of Work (KWW score in points (a measure of their knowledge of how occupations work), their years of work experience (exper), whether they are Black, and their parents' education (fea and meduc).

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 6PPS
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Dep. Variable: Model: Method: Date: Time: No. Observations: Df Residuals: Df Model: Covariance Type: Intercept educ IQ KWW exper black feduc meduc Least Squares Wed, 23 Nov 2022 08:57:40 coef -503.0058 40.5455 3.1654 7.2094 16.2338 -59.2987 10.8278 5.0471 std err nonrobust 138.947 8.660 1.199 wage OLS 2.120 3.740 52.143 5.353 6.106 722 714 7 R-squared: Adj. R-squared: Prob (F-statistic): F-statistic: Log-Likelihood: AIC: BIC: -3.620 4.682 2.640 3.400 4.340 -1.137 2.023 0.827 P> [t] 0.000 -775.800 0.000 0.008 0.001 0.000 0.256 0.043 0.409 0.189 0.181 23.83 23.543 0.812 3.047 8.891 -161.671 0.318 -6.941 3.310-29 -5288.5 (0.025 0.9751 1.0590+04 1.063e+04 -230.212 57.548 5.519 11.372 23.577 43.074 21.338 17.035 Above is a regression of men's monthly earnings in dollars as a function of their years of education, their IQ score in "points", their Knowledge of the World of Work (KWW) score in points (a measure of their knowledge of how occupations work), their years of work experience (exper), whether they are Black, and their parents' education (feduc and meduc). How would you interpret the coefficient on IQ? For each additional IQ point, men earn about $1.20 more per month, controlling for education, knowledge of the work world, years of experience, whether they're Black, and parents' education. For each additional IQ point, men earn about 3 percent more per month, controlling for education, knowledge of the work world, years of experience, whether they're Black, and parents' education. For each additional IQ point, men earn about $2.64 more per month, controlling for education, knowledge of the work world, years of experience, whether they're Black, and parents' education. For each additional IQ point, men earn about $3 more per month, controlling for education, knowledge of the work world, years of experience, whether they're Black, and parents' education,
Transcribed Image Text:Dep. Variable: Model: Method: Date: Time: No. Observations: Df Residuals: Df Model: Covariance Type: Intercept educ IQ KWW exper black feduc meduc Least Squares Wed, 23 Nov 2022 08:57:40 coef -503.0058 40.5455 3.1654 7.2094 16.2338 -59.2987 10.8278 5.0471 std err nonrobust 138.947 8.660 1.199 wage OLS 2.120 3.740 52.143 5.353 6.106 722 714 7 R-squared: Adj. R-squared: Prob (F-statistic): F-statistic: Log-Likelihood: AIC: BIC: -3.620 4.682 2.640 3.400 4.340 -1.137 2.023 0.827 P> [t] 0.000 -775.800 0.000 0.008 0.001 0.000 0.256 0.043 0.409 0.189 0.181 23.83 23.543 0.812 3.047 8.891 -161.671 0.318 -6.941 3.310-29 -5288.5 (0.025 0.9751 1.0590+04 1.063e+04 -230.212 57.548 5.519 11.372 23.577 43.074 21.338 17.035 Above is a regression of men's monthly earnings in dollars as a function of their years of education, their IQ score in "points", their Knowledge of the World of Work (KWW) score in points (a measure of their knowledge of how occupations work), their years of work experience (exper), whether they are Black, and their parents' education (feduc and meduc). How would you interpret the coefficient on IQ? For each additional IQ point, men earn about $1.20 more per month, controlling for education, knowledge of the work world, years of experience, whether they're Black, and parents' education. For each additional IQ point, men earn about 3 percent more per month, controlling for education, knowledge of the work world, years of experience, whether they're Black, and parents' education. For each additional IQ point, men earn about $2.64 more per month, controlling for education, knowledge of the work world, years of experience, whether they're Black, and parents' education. For each additional IQ point, men earn about $3 more per month, controlling for education, knowledge of the work world, years of experience, whether they're Black, and parents' education,
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