Imagine that you actually do this regression (above) and you choose to run a semilogarithmic model. Assume that you get a coefficient of 0.17 for the "male" dummy, which is equal to 1, if the observation is a man and to 0, if the person is a woman. Please give the exact interpretation of this regression result.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
Problem 6PPS
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Imagine that you actually do this regression (above) and you choose to run a
semilogarithmic model. Assume that you get a coefficient of 0.17 for the "male"
dummy, which is equal to 1, if the observation is a man and to 0, if the person is a
woman.
Please give the exact interpretation of this regression result.
Transcribed Image Text:Imagine that you actually do this regression (above) and you choose to run a semilogarithmic model. Assume that you get a coefficient of 0.17 for the "male" dummy, which is equal to 1, if the observation is a man and to 0, if the person is a woman. Please give the exact interpretation of this regression result.
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