ECMT1010 Statistics Assignment: Wage Regression and Hypothesis
VerifiedAdded on 2023/06/03
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Homework Assignment
AI Summary
This ECMT1010 statistics assignment from the University of Sydney explores the relationship between hourly wages, education levels, and gender using data from 1978. The analysis includes descriptive statistics, histograms, scatter plots, and regression modeling to determine the impact of education on wages. Hypothesis testing is conducted to assess the significance of the linear relationship between wage and education, as well as to compare average wages between males and females. The findings suggest a positive correlation between education and hourly wage and indicate statistically significant differences in pay between genders, possibly reflecting gender discrimination prevalent at the time. The assignment references statistical methods and tools, concluding with insights into wage disparities and their potential causes, all of which can be further explored with similar resources available on Desklib.
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