question archive Kang keep track of BUAL majors’ starting salaries
Kang keep track of BUAL majors’ starting salaries
Subject:EconomicsPrice: Bought3
Kang keep track of BUAL majors’ starting salaries. Does taking Kang’s predictive modeling1 affect starting salary? Let SAL=salary in dollars, GPA=grade point average on a 4.0 scale,PM=1 if student took predictive modeling 1, and PM=0 otherwise. Using the data, whichcontains information on 50 recent graduates, we obtain the estimated regression equation:SAL=24,200+1,643GPA+5,033PM(a) Interpret the estimated equation(b) How would you modify the equation to see whether women had lower starting salariesthan men?(c) How would you modify the equation to see if the value of predictive modeling was thesame for men and women?
