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

---

Definitions:

Personality Development

The growth and development of the psychological characteristics and traits that define an individual.

Greatest Changes

Significant alterations or transformations in a situation, process, or condition.

Early Childhood

A developmental period in human life typically ranging from birth to eight years old, where foundational skills in cognitive, social, and emotional aspects are formed.

Gender Role Orientation

Refers to an individual's identification with the cultural norms and behaviors typically associated with their gender.