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Practice Problems
20. Given the attached regression output, interpret the coefficient on ASVABC where
years of schooling S is a function of the following: an intelligence score (ASVABC); mother's years of schooling (SM; father's years of schooling (SF, a FEMALE dummy variable = 1 if female, race dummy variables where there are only 3 ethnicities listed in the data: ETHWHITE, ETHBLAC, ETHHISP; an interaction term FEMBLACK where (FEMALE ETHBLAC), and another interaction term FEMHISP where (FEMALE'ETHHISP).
A. A1 point increase in ASBAVC is associated with a 12 percent increase in years of schooling holding the values of all other regressors constant.
B. The marginal effect of a 1 point increase in ASVABC is associated with an extra 0.12 years of schooling holding the values of the other explanatory variables constant.
C. A 1 point increase in ASVABC is associated with a 0.12 percent increase in years of schooling.
D. The marginal effect of a 1 point increase in ASVABC is associated with an extra 0.12 years of schooling.
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