2use the data in wage2.raw for this exercise. (i) estimate the model log(wage) 5 b0 1 b1educ 1 b2exper 1 b3tenure 1 b4married 1 b5black 1 b6south 1 b7urban 1 u and report the results in the usual form. holding other factors fixed, what is the approximate difference in monthly salary between blacks and nonblacks? is this difference statistically significant? (ii) add the variables exper 2 and tenure2 to the equation and show that they are jointly insignificant at even the 20% level. (iii) extend the original model to allow the return to education to depend on race and test whether the return to education does depend on race. (iv) again, start with the original model, but now allow wages to differ across four groups of people: married and black, married and nonblack, single and black, and single and nonblack. what is the estimated wage differential between married blacks and married nonblacks?

One way that marketing mix characteristics differ for organizational buying

Paar corporation bought 100 percent of kimmel, inc., on january 1, 2012. on that date, paar’s equipment (10-year life) has a book value of $420,000 but a fair value of $520,000. kimmel has equipment (10-year life) with a book value of $272,000 but a fair value of $400,000. paar uses the equity method to record its investment in kimmel. on december 31, 2014, paar has equipment with a book value of $294,000 but a fair value of $445,200. kimmel has equipment with a book value of $190,400 but a fair value of $357,000. the consolidated balance for the equipment account as of december 31, 2014 is $574,000. what would be the impact on consolidated balance for the equipment account as of december 31, 2014 if the parent had applied the initial value method rather than the equity method? the balance in the consolidated equipment account cannot be determined for the initial value method using the information given. the consolidated equipment account would have a higher reported balance. the consolidated equipment account would have a lower reported balance. no effect: the method the parent uses is for internal reporting purposes only and has no impact on consolidated totals.

Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.