Table 5: Dependent variable log(MATH5) 0.052 (0.006 02 (0.006) 0.034 (0.03 0.039
ID: 3323617 • Letter: T
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Table 5: Dependent variable log(MATH5) 0.052 (0.006 02 (0.006) 0.034 (0.03 0.039 (0.0 0.236 (0.017) 0.194 (0.016) MALE AMERICAN INDIAN ASIAN HISPANIC, RACE NOT SPECIFIED 0.118 (0.020 0.119 (0.019) HISPANIC, RACE SPECIFIED MORE THAN ONE RACE PACIFIC ISLANDER WHITE AGE 0.135 (0.017) 0.170 (0.021) 0.093 (0.036) 0.191 (0.012) 0.004 (0.001) 0.124 (0.016) 0.135 (0.020) 0.083 (0.035) 0.158 (0.012) log(AGE) MAGE MAGE square log(SES) Constant 0.339 (0.046) 0.017 (0.005) -0.0002 (0.0001) 0.033 (0.003) 2.820 (0.205) 5,359 0.126 0.124 4.170 (0.048 5,359 0.082 0.080 Observations Adjusted R2 21. Provide an interpretation of the effect of AGE on MATH5 in models 1 and 2Explanation / Answer
as per chegg policies i am answering Q1 only
21)
model 1: with one year increase in age there is 0.004 units increase in log maths. that is with one year increase in age there is exp(.004) = 1.004 units increase in maths.
model 2: with one year increase in log(age) there is 0.339 units increase in log maths. that is with exp(1)=2.7 years increase in age there is exp(0.339) = 1.4 units increase in maths.
23)
with one unit increase in log(SES) there is .033 units increase in log maths.
that is with exp(1)=2.71 units increase in SES there is exp(0.033) = 1.03355 units increase in maths
that is with 1 unit increase in SES there is 1.03355/2.71 = 0.38022 units increase in maths
hence, with 10% (units is %) increase in SES there is 10*0.38022 = 3.8022 units increase in maths.
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