Suppose the following table was generated from sample data of 20 employees relating hourly wage to years of experience and whether or not they have a college degree. Using statistical software, create an indicator (dummy) variable for the variable "Degree" and find the regression equation, Is there enough evidence to support the claim that on average employees with a college degree have higher hourly wages than those without a college degree at the 0.01 level of significance? If yes, write the coefficient of the dummy variable in the space provided, rounded to two decimal places. Else, select "There is not enough evidence."
Suppose the following table was generated from sample data of 20 employees relating hourly wage to years of experience and whether or not they have a college degree. Using statistical software, create an indicator (dummy) variable for the variable "Degree" and find the regression equation, Is there enough evidence to support the claim that on average employees with a college degree have higher hourly wages than those without a college degree at the 0.01 level of significance? If yes, write the coefficient of the dummy variable in the space provided, rounded to two decimal places. Else, select "There is not enough evidence."
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.2: The Least Square Line
Problem 8E
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I need only handwritten Or u can show work in excel etc but i don't need in text or i will dislike for sure, i need handwritten or photo of work in excel i don't need text
Transcribed Image Text:Suppose the following table was generated from sample data of 20 employees relating hourly wage to years of experience and whether or not they
have a college degree. Using statistical software, create an indicator (dummy) variable for the variable "Degree" and find the regression equation, Is
there enough evidence to support the claim that on average employees with a college degree have higher hourly wages than those without a college
degree at the 0.01 level of significance? If yes, write the coefficient of the dummy variable in the space provided, rounded to two decimal places. Else,
select "There is not enough evidence."
Hourly wages of employees
Wage
Experience Degree
14.02
10
No
32.18
29
Yes
19.07
25
No
10.30
No
16.99
18
No
13.30
10
No
19.64
14
Yes
20.32
25
No
20.02
24
No
12.39
7.
No
Transcribed Image Text:12.39
17
No
14.69
11
No
20.10
15
Yes
35.76
28
Yes
24.20
21
Yes
-0.28
Yes
20.12
25
No
7.00
Yes
35.28
28
Yes
8.35
5.
Yes
11.25
Yes
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