In: Statistics and Probability
Suppose the following table was generated from the sample data of 2020 employees relating annual salary to years of education and gender. According to the results, is there a salary difference between men and women at the 0.010.01 level of significance? If yes, write the difference in salary in the space provided, rounded to two decimal places. Else, select "There is not enough evidence."
Coefficients | Standard Error | t Stat | P-Value | |
---|---|---|---|---|
Intercept | −12231.082830−12231.082830 | 2488.3280932488.328093 | −4.915382−4.915382 | 0.0001310.000131 |
Education | 3836.8588903836.858890 | 148.193548148.193548 | 25.89086325.890863 | 0.0000000.000000 |
Male (1 if male, 0 if female) | 3110.3411903110.341190 | 1001.9242911001.924291 | 3.1043673.104367 | 0.0064440.006444 |