## Question

###### Do carnings differ by race? Using the Labor Force Participation 2011 data, wc run the following regression: EARNINGS B1 + 82S + BxETHW HITE +U, where EARNINGS is the hourly earnings in dollar, S is years of schooling, and ETHW HITE is dummy variable which equals to 1 if the individual is white and equals to 0 if the individual is non-white_ Please use the following regression output to answer the questions.SourceSSdfMSNumber of obs F( 2 _ 3592) Prob R-squared Adj R-squared Root MSE3595 114.86 0.

Do carnings differ by race? Using the Labor Force Participation 2011 data, wc run the following regression: EARNINGS B1 + 82S + BxETHW HITE +U, where EARNINGS is the hourly earnings in dollar, S is years of schooling, and ETHW HITE is dummy variable which equals to 1 if the individual is white and equals to 0 if the individual is non-white_ Please use the following regression output to answer the questions. Source SS df MS Number of obs F( 2 _ 3592) Prob R-squared Adj R-squared Root MSE 3595 114.86 0.0000 0.0601 0.0596 14.271 Model Residual 46783.3229 23391.6615 731501.896 3592 203. 647521 Total 778285.219 3594 216 551257 EARNINGS Coef Std. Exr P> Itl [95% Conf Interval] S ETHWHITE cons 1.176888 2.079192 1950893 0851246 5414326 1.231892 4 points) Interpret the coefficients of $ and ETHWHITE_ (4 points) Do earnings difer by race? Perform the relevant test and conclude. Use 5% significance level: