MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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The table shows a regression of average hourly earnings (wage) on education (educ), age (age) and the gender dummy (woman). Discuss briefly the results. How do you interpret the intercept and the slope coefficients on these three variables?

 

Source
df
MS
Number of obs
4,118
F(3, 4114)
547.19
Model
43529.8448
14509.9483
Prob > F
0.0000
Residual
4,114
R-squared
Adj R-squared
109091.595
26.5171597
0.2852
0.2847
Total
152621.44
4,117 37.0710323
Root MSE
5.1495
wage
Coef.
Std. Err.
t
P>|t|
[95% Conf. Interval]
educ
1.127698
.0341123
33.06
0.000
1.060819
1.194576
age
.1195645
.0071629
16.69
0.000
.1055212
.1336077
woman
-2.521433
.1606725
-15.69
0.000
-2.836438
-2.206428
Cons
-8.213757
.5272217
-15.58
0.000
-9.247396
-7.180117
expand button
Transcribed Image Text:Source df MS Number of obs 4,118 F(3, 4114) 547.19 Model 43529.8448 14509.9483 Prob > F 0.0000 Residual 4,114 R-squared Adj R-squared 109091.595 26.5171597 0.2852 0.2847 Total 152621.44 4,117 37.0710323 Root MSE 5.1495 wage Coef. Std. Err. t P>|t| [95% Conf. Interval] educ 1.127698 .0341123 33.06 0.000 1.060819 1.194576 age .1195645 .0071629 16.69 0.000 .1055212 .1336077 woman -2.521433 .1606725 -15.69 0.000 -2.836438 -2.206428 Cons -8.213757 .5272217 -15.58 0.000 -9.247396 -7.180117
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