ECON 306 Homework 5
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ECON 306 Homework 5 Answers (Penn State University)
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--18July 20222021/2022A+Available in bundle
- ECON 306 Homework 5 Answers (Penn State University)Problem 1(50 points total) 
In the dataset Smoker, there is information on 1196 males from the United States. Data from this sample 
includes the variables: 
smoke= 1 for smokers, and 0 for nonsmokers 
age=age in years 
educ= number of years of schooling 
income= family income 
pcigs= price of cigarettes in the individual’s state 
Part 1) 
a) Generate a dummy variable “hi_ed” that is a 1 if a person has 16 or more years of education. 
b) (...
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