BUSN 5000 Midterm Empirical
Exercise Test Questions Fully Solved.
Card obtained the data from the _____. - Answer NLSYM
The source of Card's data is a survey that began in _____ with _____ young men age 14-24 -
Answer 1966, 5525
The same young men were surveyed again in selected years through _____ , effectively creating
a _____ data set where the unit of observation is the person- _____ . - Answer 1981, panel,
year
The survey was not a random sample of the US population because men from neighborhoods
with a high concentration of _____ residents were over-sampled. - Answer non-white
Card's analysis is based on the 1976 survey when the youngest respondents are _____. By 1976,
attrition had reduced the sample size to _____ observations. After filtering the sample on
observations with valid education and wage data, Card is left with an analysis sample of _____
young men. - Answer 24, 3694, 3010
The "key" variable in the data set is _____. - Answer id
The "wage" variable is measured in _____. The "lwage" variable is the _____ transformation of
"wage". - Answer cent, log
The variable "exper" measures labor-market experience as ______. - Answer age - educ - 6
The "card" data set contains _____ observations and _____ variables. - Answer 3010, 34
What data type is "lwage"? _____. How about "wage"? ______. (Use the full-name description
of the data type in your answers.) - Answer numeric, integer
The third person in the data set is _____ years old, has _____ years of education, has _____
years of experience, and reported a wage of $ ______. - Answer 34, 12, 16, 7, 21
, What percentage of young men in the sample are missing "IQ" test scores? _____ % . (Answer
to 1 decimal place, for example: ``99.9'' percent) - Answer 31.5
What percentage of the sample are Black? _____ %. Is that representative of the US population
in 1976? (Yes/No) _____ . - Answer 23, No
Based on "object.size" the Card data take up _____ MB in memory. (Round to 3 digits) - Answer
0.438
The extract was filtered to include individuals who had worked at least _____ hours per week
and _____ weeks during the past year. - Answer 36, 48
The filtered extract contains _____ observations on _____ variables. - Answer 50742, 12
The variable "age" is top-coded at ______. - Answer 85
There are _____ categories in the variable "race" with individuals identifying as Asian only
assigned the value _____. - Answer 21, 4
Using the 2009 CPS data, we find men are almost _____ percentage points more likely to earn
at least $100,000. - Answer 9
On average, we found that men earned roughly $_____ (round to the nearest thousand) more
than women, which translates into about a ______ percentage (round to the nearest integer)
earnings gap - Answer 19000, 43
Compared with the earnings distributions in Figure 7, these show (more/less) _____ overlap. -
Answer more
The average gender earnings gap among 25-34 year-olds is $______ (round to the nearest
hundred), which is about $_____ smaller than the gap for all workers. (Use your first answer to
Part B Q6.) - Answer 10100, 8900
The dollar gap among 25-34 year-olds translates into a ______ percent (round to the nearest
integer), which is about _____ percentage points smaller than the gap for all workers. - Answer
Exercise Test Questions Fully Solved.
Card obtained the data from the _____. - Answer NLSYM
The source of Card's data is a survey that began in _____ with _____ young men age 14-24 -
Answer 1966, 5525
The same young men were surveyed again in selected years through _____ , effectively creating
a _____ data set where the unit of observation is the person- _____ . - Answer 1981, panel,
year
The survey was not a random sample of the US population because men from neighborhoods
with a high concentration of _____ residents were over-sampled. - Answer non-white
Card's analysis is based on the 1976 survey when the youngest respondents are _____. By 1976,
attrition had reduced the sample size to _____ observations. After filtering the sample on
observations with valid education and wage data, Card is left with an analysis sample of _____
young men. - Answer 24, 3694, 3010
The "key" variable in the data set is _____. - Answer id
The "wage" variable is measured in _____. The "lwage" variable is the _____ transformation of
"wage". - Answer cent, log
The variable "exper" measures labor-market experience as ______. - Answer age - educ - 6
The "card" data set contains _____ observations and _____ variables. - Answer 3010, 34
What data type is "lwage"? _____. How about "wage"? ______. (Use the full-name description
of the data type in your answers.) - Answer numeric, integer
The third person in the data set is _____ years old, has _____ years of education, has _____
years of experience, and reported a wage of $ ______. - Answer 34, 12, 16, 7, 21
, What percentage of young men in the sample are missing "IQ" test scores? _____ % . (Answer
to 1 decimal place, for example: ``99.9'' percent) - Answer 31.5
What percentage of the sample are Black? _____ %. Is that representative of the US population
in 1976? (Yes/No) _____ . - Answer 23, No
Based on "object.size" the Card data take up _____ MB in memory. (Round to 3 digits) - Answer
0.438
The extract was filtered to include individuals who had worked at least _____ hours per week
and _____ weeks during the past year. - Answer 36, 48
The filtered extract contains _____ observations on _____ variables. - Answer 50742, 12
The variable "age" is top-coded at ______. - Answer 85
There are _____ categories in the variable "race" with individuals identifying as Asian only
assigned the value _____. - Answer 21, 4
Using the 2009 CPS data, we find men are almost _____ percentage points more likely to earn
at least $100,000. - Answer 9
On average, we found that men earned roughly $_____ (round to the nearest thousand) more
than women, which translates into about a ______ percentage (round to the nearest integer)
earnings gap - Answer 19000, 43
Compared with the earnings distributions in Figure 7, these show (more/less) _____ overlap. -
Answer more
The average gender earnings gap among 25-34 year-olds is $______ (round to the nearest
hundred), which is about $_____ smaller than the gap for all workers. (Use your first answer to
Part B Q6.) - Answer 10100, 8900
The dollar gap among 25-34 year-olds translates into a ______ percent (round to the nearest
integer), which is about _____ percentage points smaller than the gap for all workers. - Answer
