1. Run a regression using the dependent variable HOURS (Hours worked per year) and the independent variables PAY (hourly pay), SNLINC12 (spouse's income), and DMAR (=1 if currently married) plus (at least) one more of the following
DNMAR = Dummy variable (=1 if never married)
KIDS = Number of children under age 18 in the household
DBLACK = Dummy variable (=1 if Black)
DHS = Dummy variable (=1 if graduated from high school)
DCOL = Dummy variable (=1 if earned a college degree)
GRADE = Years of schooling completed
2. Interpret the output and compare it to the "baseline" regression (output provided)
a. What happened to the R2? What does this mean?
b. What is the impact of the variable you added? Is it statistically significant? Explain your answer in a sentence or two.
c. Did this affect the output from the "baseline" regression?
Attachment:- Assignment.rar