Stature and status-height-ability

Reference no: EM131821358

Do taller adults make more money? The authors of the paper "Stature and Status: Height, Ability, and Labor Market Outcomes" (Journal of Political Economics [2008]: 499- 532) investigated the association between height and earnings. They used the simple linear regression model to describe the relationship between x = height (in inches) and y = log(weekly gross earnings in dollars) in a very large sample of men. The logarithm of weekly gross earnings was used because this transformation resulted in a relationship that was approximately linear. The paper reported that the slope of the estimated regression line was b = 0.023 and the standard deviation of b was s_b = 0.004. Carry out a hypothesis test to decide if there is convincing evidence of a useful linear relationship between height and the logarithm of weekly earnings. Assume that the basic assumptions of the simple linear regression model are reasonably met.

Reference no: EM131821358

Questions Cloud

Explain how the marketing mix differs for each segment : Show how different versions of your product are aimed toward different market segments. Explain how the marketing mix differs for each segment

Describe the most well-known techniques that leonardo used : Discussion: Leonardo, the Renaissance Master- Describe the most well-known techniques that Leonardo used to give more realism to the painting.

Management desires to maintain the ending finished goods : Management desires to maintain the ending finished goods inventories at 20% of the next quarter's budgeted sales volume

What the client-server model is for computer networks : Explain what the client-server model is for computer networks. How does this client-service model benefit the user of the client systems?

Stature and status-height-ability : Do taller adults make more money? The authors of the paper "Stature and Status: Height, Ability, and Labor Market Outcomes" (Journal of Political Economics

Explain some of the issues relating to human factors : Explain the steps that can be taken to mitigate the hazards other than what was discussed in the video relating to the accident.

Prepare the budgeted multiple-step income statement : Prepare the budgeted multiple-step income statement for 2017, Calculate the budgeted total unit cost

Pleasant touch sensations measured : Estimate the mean change in pleasantness rating associated with an increase of 1 impulse per second in firing frequency using a 95% confidence interval

What type of entity is best for the goals and vision : Analyze what a business owner must consider when deciding what type of entity is best for the goals and vision of the business.

User Account

All Pages