To Examine the Differences Between Salaries of Male and Female

question 9

Essay

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
Gender = the gender of an individual;1 for males,and 0 for females
The regression results obtained for the models are as follows:
Model A: Salary = β₀+ β₁Educ + β₂Exper + β₃Gender + β₄Exper × Gender + ε,
Model B: Salary = β₀ + β₁Educ + β₂Exper + ε,are summarized in the following table. Note: The values of relevant test statistics are shown in parentheses below the estimated coefficients.
At 1% significance level,what is the conclusion of testing the joint significance of Exper and Exper × Gender in Model A?

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Definitions:

Face Value

The nominal or dollar value printed on a financial instrument, such as a bond or stock certificate, representing its legal value.

Promissory Note

A financial document in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand of the payee, under specific terms.

Accounts Receivable

Amounts owed to a business by its customers for goods or services delivered or used but not yet paid for.

Note Duration

Note duration refers to the length of time until a financial note's principal and any accumulated interest are due to be repaid.