ECON 306 Homework 5
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ECON 306 Homework 5 Answers (Penn State University)
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ECON 306 Homework 5 Answers (Penn State University)Problem 1(50 points total)
In the dataset Smoker, there is information on 1196 males from the United States. Data from this sample
includes the variables:
smoke= 1 for smokers, and 0 for nonsmokers
age=age in years
educ= number of years of schooling
income= family income
pcigs= price of cigarettes in the individual’s state
Part 1)
a) Generate a dummy variable “hi_ed” that is a 1 if a person has 16 or more years of education.
b) (...
Exam (elaborations)
ECON 306 Homework 5 Answers (Penn State University)
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ECON 306 Homework 5 Answers (Penn State University)Problem 1(50 points total) In the dataset Smoker, there is information on 1196 males from the United States. Data from this sample includes the variables: smoke= 1 for smokers, and 0 for nonsmokers age=age in years educ= number of years of schooling income= family income pcigs= price of cigarettes in the individual’s state Part 1) a) Generate a dummy variable “hi_ed” that is a 1 if a person has 16 or more years of education. b) (...
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