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(a) Use the data from Exercise 2 to find the line of best fit for men s income as a function of women s income.
(b) What is the slope of this line?
(c) Does it predict that the earnings gap is widening or shrinking?
Exercise 2
Table 6 shows the median incomes, in dollars, of men and women in the United States for the years 1974 through 1980.
(a) Find the line of best fit for women s incomes versus time and
(b) the line of best fit for men s income versus time.
(c) Plot both lines on the same set of axes.
(d) Is the gap widening or shrinking?
(e) What would this data predict about the earnings gap in 1986? (The actual gap in 1986 was 25,256 - 16,232 = 9024)
A 10 year series of $10,000 annual deposits is followed by 10 more annual deposits of $20,000, which is followed by 20 more years at $30,000 per year. For the total 40 year period, calculate the equivalent present worth deposit as well as the bala..
summary outputregression statisticsmultiple r 0.973178112r square 0.947075637adjusted r square 0.9417832standard error
In his current job, Smith can work as many hours per day as he chooses, and he will be paid $1/hr for the first 8 hours he works, $2.50/hr for each hour over 8. Faced with this payment schedule, Smith chooses to work 12 hr/day.
A loan of $200,000 at 7% interest will help fund the purchase. The loan is to be repaid in seven equal annual installments including interest. The firm's marginal income tax rate is 39%. The equipment qualifies for MACRS 5-year property.
CRA CDs, Inc., wants the mean lengths of the "cuts" on a CD to be 135 seconds (2 minutes and 15 seconds). This will allow the disk jockeys to have plenty of time for commercials within each 10-minute segment.
Various financial data for 2007 and 2008 follow. Calculate the total productivity measure and the partial measures for labor, capital, and raw materials for this company for both years. What do these measures tell you about this company 2007 2008
How large is the MI money supply How large are required reserve How large are excess reserve By how much could the banks increase their lending activities What will be the total effect on the M3 money supply
If software can only be produced in the quantities above, what should be the production level if the producer operates in a monopolistic competitive market where the price of software at each possible quantity is also listed above.
it is projected to increase next year by 2%, then decrease by 3% in the following year, and then increase by 5% the third year. What is the average inflation rate for the projected price of coffee over the next 3 years
Has this relationship been confirmed empirically?
The same publication has a table entitled "Table B14. Advanced Economies: Current Account Transactions." The Advanced countries are the United States, Germany, France, Italy, Spain, Japan, the United Kingdom, and Canada. Use this table to list the..
Consumer surveys indicate that 40% of newspaper readers read automobile ads and 5% of those who read the ads actually purchase automobiles. On the other hand, 50% of magazine readers read automobile ads but only 3% of those.
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