In this exercise, you will run multiple regressions with interaction terms. First, consider the following regression with an interaction between the two binary regressors, collgrad and union: wage; = Bo + Biunioni + B2 collgrad; + Bzunionx collgrad; + Wis
To estimate this model, generate an interaction term between collgrad and union. Use the regress command to estimate the OLS coefficients.
(a) What is the base category in this model? What is the average wage for workers in this base category?
(b) What is the difference in average wage for non-college graduates in a union and non-college graduates not in a union? Please report a positive number.
(c) What is the difference in average wage for college graduates in a union and college graduates not in a union? Please report a positive number. Next, consider the following regression with an interaction term between tt1_exp and union: Inwage; = Bo + Biunioni + Battl_expi + Bzunionxttl_expi + Uis To estimate this model, generate an interaction term between ttl_exp and union. Use the regress command to estimate the OLS coefficients.
(d) For non-unionized workers, what is the average percentage change in wage when experience increases by one year?
(e) For unionized workers, what is the average percentage change in wage when experience increases by one year?

Ryan terlecki organized a new internet company, capuniverse, inc. the company specializes in baseball-type caps with logos printed on them. ryan, who is never without a cap, believes that his target market is college and high school students. you have been hired to record the transactions occurring in the first two weeks of operations. issued 2,900 shares of $0.01 par value common stock to investors for cash at $29 per share. borrowed $68,000 from the bank to provide additional funding to begin operations; the note is due in two years. paid $1,000 for the current month's rent of a warehouse and another $1,000 for next month's rent. paid $1,440 for a one-year fire insurance policy on the warehouse (recorded as a prepaid expense). purchased furniture and fixtures for the warehouse for $16,000, paying $3,200 cash and the rest on account. the amount is due within 30 days. purchased for $2,800 cash the university of pennsylvania, notre dame, the university of texas at austin, and michigan state university baseball caps as inventory to sell online. placed advertisements on google for a total of $340 cash. sold caps totaling $1,900, half of which was charged on account. the cost of the caps sold was $1,100. (hint: make two entries.) made full payment for the furniture and fixtures purchased on account in (e). received $280 from a customer on account.

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Select the correct answer. ramon applied to the state university in the city where he lives, but he was denied admission. what should he do now? a.change his mind about graduating and drop out of high school so he can start working right away. b. decide not to go to college, because he didn’t have a backup plan. c.stay positive and write a mean letter to let the college know that they made a bad decision. d. learn from this opportunity, reevaluate his options, and apply to his second and third choices.