Assume that you have information about salaries of a random sample of individuals who have completed a bachelor’s degree in either nursing, accounting, computer engineering, or police education. The salary is total pay (before any tax) in 2021. All individuals graduated in 2018. You decide to use the OLS estimator to find out if there are differences in salary between individuals with these 4 different types of education.
Specify the model you would like to run (3 points)
Explain how the estimated coefficients should be interpreted. (3 points)