ECON 101

Central Michigan University

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ESENTIALS OF ECONOMETRICS STATA SW 4 AND 5 with VERIFIED ANSWERS

ESENTIALS OF ECONOMETRICS STATA SW 4 AND 5 with VERIFIED ANSWERS
Exam (elaborations) • 6 pages • 2022

a) Compute the sample mean for average hourly earnings (AHE) in 1992 and in 2008. Construct a 95 % confidence interval for the population means of AHE in 1992 and 2008 and the change between 1992 and 2004. b)In 2008, the value of the Consumer Index Price was 188.9. In 1992, the value of CPI was 140.3. Repeat (a) but use AHE measured in real 2008 dollars; that is, adjust the 1992 data for the price inflation that occured between 1992 and 2004. c) If you were interested in change in wo...