The consultants at Hayward Management Consulting Group are discussing the factors that explain differences in wages in a company. Specifically, they are interested in explaining if here are differences in the Wages of Males compared to Females. The Senior Consultant feels, though that the differences Wages could be explained by differences in Education (Years of Schooling) between the genders. John Thomas believes though that the differences are due to pure discrimination

To get an initial feel, you have collected the data in the file named WAGE_DATA. This file contains information such as the Wages, Years of Schooling, Union Affiliation, Ethnicity, etc.
1-Do a Regression Analysis using Wages as Dependent Variable (Y) and Years of Experience as Independent Variable (X): Calculate Slope and Test a hypothesis whether there is a significant relationship between Wages and Years of Experience2-Do a Regression Analysis using Wages as Dependent Variable (Y) and Years of Education as Independent Variable (X): Calculate Slope and Test a hypothesis whether there is a significant relationship between Wages and Years of Education3-Prepare a Table summarizing your regression results including Coefficients of Determination, and T statistics and explain the differences in regression slopes4-Does your Regression Result contradict your Conclusion in Problems #1 and #2?

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