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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 p-value for testing whether the mean salary of males is greater than the mean salary of females using Model B?
UNICEF Store
Retail operations or online shops that sell products to raise funds for UNICEF's missions and programs focused on children's welfare globally.
Chicken-Processing Plant
A facility dedicated to the slaughtering, processing, and packaging of chicken products for consumer consumption.
Tree-Planting Firm
A company specializing in planting trees as part of reforestation efforts, environmental projects, or landscaping services.
Salaries
Regular payments made to employees, usually monthly or biweekly, in exchange for their labor or services, not typically dependent on hours worked.
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