Questions from General Economics

Q: Use the data in WAGE1 for this exercise. a.

Use the data in WAGE1 for this exercise. a. Find the average education level in the sample. What are the lowest and highest years of education? b. Find the average hourly wage in the sample. Does i...

Q: / The variable mktval is market value of the firm

The variable mktval is market value of the firm, profmarg is profit as a percentage of sales, ceoten is years as CEO with the current company, and comten is total years with the company. (i) Comment o...

Q: The following analysis was obtained using data in MEAP93, which contains

The following analysis was obtained using data in MEAP93, which contains school-level pass rates (as a percent) on a tenth-grade math test. (i) The variable expend is expenditures per student, in doll...

Q: The data in MEAPSINGLE were used to estimate the following equations relating

The data in MEAPSINGLE were used to estimate the following equations relating school-level performance on a fourth-grade math test to socioeconomic characteristics of students attending school. The va...

Q: Use the data in WAGE1 for this exercise. (i

Use the data in WAGE1 for this exercise. (i) Estimate the equation wage = B0 + B1educ + B2exper + B3tenure + u. Save the residuals and plot a histogram. (ii) Repeat part (i), but with log(wage) as th...

Q: Use the data in GPA2 for this exercise. (1

Use the data in GPA2 for this exercise. (1) Using all 4,137 observations, estimate the equation colgpa = B0 + B1hsperc + B2sat + u and report the results in standard form. (2) Reestimate the equat...

Q: In given equation, using the data set BWGHT, compute

In given equation, using the data set BWGHT, compute the LM statistic for testing whether motheduc and fatheduc are jointly significant. In obtaining the residuals for the restricted model, be sure t...

Q: Several statistics are commonly used to detect nonnormality in underlying population

Several statistics are commonly used to detect nonnormality in underlying population distributions. Here we will study one that measures the amount of skewness in a distribution. Recall that any no...

Q: educ is the dependent variable in a regression. (a

educ is the dependent variable in a regression. (a) How many different values are taken on by educ in the sample? Does educ have a continuous distribution? (b) Plot a histogram of educ with a normal d...

Q: Use the data in ECONMATH to answer this question. Logically

Use the data in ECONMATH to answer this question. Logically, what are the smallest and largest values that can be taken on by the variable score? What are the smallest and largest values in the samp...