We used a multiple linear regression model with data from the American Community
ID: 3321777 • Letter: W
Question
We used a multiple linear regression model with data from the American Community Survey to determine if income is associated with sex, after adjusting for age. Income is measured in thousands of dollars, and sex is coded as 0=females, 1=males.
Coefficients
Standard Error
t Stat
P-value
Intercept
24.97153
4.15213
6.014
2.72E-9
Age
-0.18510
0.07773
-2.381
0.0175
Sex
13.52860
2.95738
4.575
5.51E-6
See the output on the attached word document for more information.
What is the interpretation of the coefficient associated with sex (multiple choice below)?
e.
Coefficients
Standard Error
t Stat
P-value
Intercept
24.97153
4.15213
6.014
2.72E-9
Age
-0.18510
0.07773
-2.381
0.0175
Sex
13.52860
2.95738
4.575
5.51E-6
Explanation / Answer
Controlling for age, males earn 13.53 thousands of dollars more than females on average because male is 1 when female is 0. thus answer is E
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