You Have Collected a Sub-Sample from the Current Population Survey

question 14

Essay

You have collected a sub-sample from the Current Population Survey for the western region of the United States.Running a regression of average hourly earnings (ahe)on an intercept only,you get the following result: = 0 = 18.58
a.Interpret the result.
b.You decide to include a single explanatory variable without an intercept.The binary variable DFemme takes on a value of "1" for females but is "0" otherwise.The regression result changes as follows: = 1×DFemme = 16.50×DFemme
What is the interpretation now?
c.You generate a new binary variable DMale by subtracting DFemme from 1,and run the new regression: = 2×DMale = 20.09×DMale
What is the interpretation of the coefficient now?
d.After thinking about the above results,you recognize that you could have generated the last two results either by running a regression on both binary variables,or on an intercept and one of the binary variables.What would the results have been?

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Definitions:

Thalamus

A structure in the brain that acts as a relay station for transmitting sensory and motor signals to the cerebral cortex.

Sensory Losses

The reduction or absence of sensation in one or more of the senses, such as hearing, vision, smell, taste, or touch, often due to aging or disease processes.

Amplifying Sights

Enhancing or magnifying visual experiences, especially through the use of technological aids or creative perspectives.

Missed Sights

Situations or opportunities that one fails to see or recognize, often leading to regret or the realization of missed benefits or understandings.