Based on the model from prior questions: I run a regression…
Based on the model from prior questions: I run a regression in stata with the following variables: wage = hourly wage married = dummy variable =1 for married, =0 for nonmarried female = dummy variable =1 for female, =0 for male tenure = number of years on the job tenursq = tenure squared My results are shown below: Table 1. OLS Regression of Wage on Marital Status, Sex, and Tenure Variable Coefficient Std. Error t-value p-value Married (1 = married) 0.784 0.306 2.56 0.011 Female (1 = female) –1.976 0.293 –6.74 0.000 Tenure 0.278 0.052 5.31 0.000 Tenure² –0.0055 0.0019 –2.96 0.003 Constant 5.379 0.306 17.60 0.000 Model Statistics Number of observations: 526 Adjusted R-squared: 0.218 F-statistic: 37.51 (df = 4, 521) Question: What is the interpretation of the relationship between tenure and wages?
Read DetailsOutput Marginal Revenue Marginal-Cost 0 — — 1 $ 16 $…
Output Marginal Revenue Marginal-Cost 0 — — 1 $ 16 $ 10 2 16 11 3 16 13 4 16 17 5 16 21 Refer to the data in the accompanying table. If the firm’s minimum average variable cost is $10, the firm’s profit-maximizing level of output would be
Read DetailsSusie purchased a nonrefundable ticket to a soccer match for…
Susie purchased a nonrefundable ticket to a soccer match for $20. It will cost her $10 worth of gas and wear and tear to drive to the match and $5 to park her car. On the day of the match, Susie’s boss offers her $100 to come to work instead. In considering what to do, which of the above would be considered a sunk cost?
Read DetailsHow does the time management matrix relate to stress? What…
How does the time management matrix relate to stress? What is the source of stress that comes from the constructs of URGENT and IMPORTANT? (2 points) How does time spent in each quadrant impact stress, and which quadrant minimizes the sources of stress? (4 points)
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