The data in the accompanying table
refer to median salaries of female and male
economists by field of specialization
for the year 1964.
(a) Find the average salary and the standard deviation of salary of the two groups (Eviews)
(b) Is there a significant difference between the two standard deviations? (Suggested Answer)
c) Suppose you want to predict male
economists' median salary from female economists median
salary. Develop
a suitable linear regression model for this purpose. (Eviews)
If you expect
heteroscedasticity in such a model, how will you deal with it? (Suggested
Answer)
