To Examine the Differences Between Salaries of Male and Female

question 24

Multiple Choice

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 Model B: Salary = β₀ + β₁ Educ + β₂ Exper + β₃ 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

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Definitions:

Gaseous Molecules

Atoms bonded together that exist in the gas phase, characterized by their ability to fill a container of any size or shape.

Greenhouse Gas

A gas that contributes to the greenhouse effect by absorbing infrared radiation, with carbon dioxide and methane being primary examples, leading to global warming and climate change.

Methane

A potent greenhouse gas with a molecular structure of one carbon atom and four hydrogen atoms, significantly influencing climate change.

Upwelling

A process by which deep, cold, nutrient-rich water rises to the surface, often enriching surface waters and supporting high levels of marine productivity.