Purchase Solution

Linear regression model on minimum wage

Not what you're looking for?

Ask Custom Question

The attached file contains observations of the American minimum wage during each of the years from 1950 through 2004. Has the minimum wage been growing at roughly a constant rate over this period? Use simple linear regression analysis to address this question. Explain your results.

Attachments
Purchase this Solution
Solution Summary

Excel spreadsheet attached gives calculations to show whether the American minimum wage is growing at a constant rate using linear regresion analysis.

Purchase this Solution
Free BrainMass Quizzes
Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Organizational Leadership Quiz

This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.

Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

View More Free Quizzes
Related BrainMass Solutions

  • Statistics Example Problem

    - Develop one research question and formulate a hypothesis which may be tested with linear regression analysis. - Prepare a paper describing the results of the linear regression analysis on your collected data.

  • Ordinary Least Squares regression

    From the above table, average hourly wage would simply be 18.906. This represents the fixed portion of the linear regression. b. What is the average hourly wage for a union worker, explain?

  • Simple linear regression

    83379 Simple Regression The attached file contains observations of the American minimum wage during each of the years from 1950 through 1994. Has the minimum wage been growing at roughly a constant rate over this period?

  • Perform Regression Hypothesis

    The linear relationship between age (an independent variable X ) and wage (a dependent variable) is best displayed in a mathematically corresponding line; a linear model of the relationship (y=a+Bx). In the line y=a+Bx, y-intercept and B=slope.

  • Regression analysis Wages and Wage Earners Data Set

    The solution provides step by step method for the calculation of regression model Wages and Wage Earners Data Set. Formula for the calculation and Interpretations of the results are also included.

  • Three Statistics Multiple Choice Questions in Mean

    The overall R2 for the regression model with hourly wage as the outcome, and gender, age, union membership, and occupation type as predictors is 25%.

  • Linear Regression Analysis on Education and Wages

    236012 Linear Regression Analysis on Education and Wages From the following data set, develop a research question and formulate a hypothesis that can be tested with linear regression analysis.

  • Linear Regression and Square Residuals

    514238 Linear Regression and Square Residuals The data file cps4_small.dat contains 1000 observations on hourly wage rates, education, and other variables. 1. Estimate the linear regression WAGE = B1 + B2EDUC + e and discuss the results. 2.

  • Data Presentation,Model Specification, Interpret Results of Data

    Based on a multiple linear regression model, which variables are significant, and which variables are not? Did the signs of each variable come out as expected? 3.

View More Related Solutions