Multiple Choice
To examine the differences between salaries of male and female middle managers of a large bank, 90 individuals were randomly selected, and two models were created with the following variables considered: Salary = the monthly salary (excluding fringe benefits and bonuses) ,
Educ = the number of years of education,
Exper = the number of months of experience,
Train = the number of weeks of training,
Gender = the gender of an individual; 1 for males, and 0 for females.
Excel partial outputs corresponding to these models are available and shown below.
Model A: Salary = β0 + β1Educ + β2Exper + β3Train + β4Gender + ε Model B: Salary = β0 + β1Educ + β2Exper + β3Gender + ε
Using Model A, which of the following is the estimated average difference between the salaries of male and female employees with the same years of education, months of experience, and weeks of training?
A) About $5,423
B) About $619
C) About $5,278
D) About $615
Correct Answer:

Verified
Correct Answer:
Verified
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