Here is the output for testing whether male earns less in a particular job market:
Income=b1*education+b2*male+b3*male*education
where b1=100 (significant), b2=-50 (insignificant), b3=10 (insignificant)
How should I interpret whether this type of job is against male? From the coefficient, I knew that
- if female, income=100*educ;
- if male, income=100*educ-50+10*educ=110*educ-50,
but my concern here is b2, b3 both are insignificant, so how do I interpret this whole story?