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To Examine the Differences Between Salaries of Male and Female

question 24

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To examine the differences between salaries of male and female middle managers of a large bank,90 individuals were randomly selected,and two models were created with 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.
Excel partial outputs corresponding to these models are available and shown below.
Model A: Salary = β0 + β1 Educ + β2 Exper + β3 Train + β4 Gender + ε To examine the differences between salaries of male and female middle managers of a large bank,90 individuals were randomly selected,and two models were created with 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. Excel partial outputs corresponding to these models are available and shown below. Model A: Salary = β<sub>0</sub> + β<sub>1</sub> Educ + β<sub>2</sub> Exper + β<sub>3</sub> Train + β<sub>4</sub> Gender + ε Model B: Salary = β<sub>0</sub> + β<sub>1</sub> Educ + β<sub>2</sub> Exper + β<sub>3</sub> Gender + ε Using Model A,which of the following is the estimated average difference between the salaries of male and female employees with the same years of education,months of experience,and weeks of training? A) About $5,423 B) About $619 C) About $5,278 D) About $615 Model B: Salary = β0 + β1 Educ + β2 Exper + β3 Gender + ε To examine the differences between salaries of male and female middle managers of a large bank,90 individuals were randomly selected,and two models were created with 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. Excel partial outputs corresponding to these models are available and shown below. Model A: Salary = β<sub>0</sub> + β<sub>1</sub> Educ + β<sub>2</sub> Exper + β<sub>3</sub> Train + β<sub>4</sub> Gender + ε Model B: Salary = β<sub>0</sub> + β<sub>1</sub> Educ + β<sub>2</sub> Exper + β<sub>3</sub> Gender + ε Using Model A,which of the following is the estimated average difference between the salaries of male and female employees with the same years of education,months of experience,and weeks of training? A) About $5,423 B) About $619 C) About $5,278 D) About $615 Using Model A,which of the following is the estimated average difference between the salaries of male and female employees with the same years of education,months of experience,and weeks of training?

Definitions:

Spermarche

In boys, the development of sperm in the testicles.

Testicles

Male reproductive glands responsible for producing sperm and testosterone.

Puberty

The developmental stage in humans during which physical growth and sexual maturation occurs, leading to reproductive capability.

Puberty

The developmental stage during which a child's body transitions into an adult body capable of sexual reproduction.

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