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UCLA
ECON 106F -
home work 3
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2.15a. It is observed that the variable wage has a higher mean and standard deviation that the variable education. b. The data is statistically significant, soeducation has a positive influence on wage.c. d. Female, black, male, and white regression in order below.e.f.g.Ithas a bell shaped distributionh. education has a positive influence on wage.The marginal effect for 12 and 14 years is less for log linear model than it is for the coefficient linear model. 3.18a.d.3.14a. The relationship between SAL1 and RPRICE2 is going to be negative. The relationship between SAL1 and RPRICE3 is also going to be negative. As relative price increases demand
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