Exhibit 17

question 52

Multiple Choice

Exhibit 17.2.To examine the differences between salaries of male and female middle managers of a large bank,90 individuals were randomly selected and the following variables considered: Salary = the monthly salary (excluding fringe benefits and bonuses) ,
Educ = the number of years of education,
Exper = the number of months of experience,
Train = the number of weeks of training,
Gender = the gender of an individual;1 for males,and 0 for females.
Also,the following Excel partial outputs corresponding to the following models are available:
Model A: Salary = β₀ + β₁Educ + β₂Exper + β₃Train + β₄Gender + ε Model B: Salary = β₀ + β₁Educ + β₂Exper + β₃Gender + ε Refer to Exhibit 17.2.Under the assumption of the same years of education and months of experience,what is the null hypothesis for testing whether the mean salary of males is greater than the mean salary of females using Model B?

• A)H₀: β₃ ≤ 0
• B)H₀: β₃ ≥ 0
• C)H₀: β₃ > 0
• D)H₀: β₃ = 0

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Definitions:

Stock

A category of investment that denotes a stake in a corporate entity and entails a share in the organization's assets and income.

Sole Proprietorship

A type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity.

Double Taxation

A taxation principle referring to income taxes paid twice on the same source of earned income, typically seen in corporate dividends taxed both at the corporate level and again at the individual level.

Corporation

A legal entity that is separate and distinct from its owners, capable of conducting business, entering into contracts, and owning assets.