Quant Session 5 (part 1)

Consider the following table from Question 1 of Homework 4. Which substantive write-up is the BEST?

• The preponderance of the sample (96.16%) have limited economic power

• The vast majority of the sample have limited economic power, meaning they had no savings and did not engage in wage earning activities.

• At baseline, the preponderance of the sample (96.16%) have limited economic power, meaning they had no savings and did not engage in wage earning activities

Question 1 of the homework asked you to create a new variable (econpower) based on the variables wknt1 and savnt1. You do NOT need to make any changes to savnt1 and wknt1 in order create econpower. True or False: You MUST still create new variables (Ex. gen wknt1_d = wknt1) before creating econpower.

• TRUE

• FALSE

Question 1 from homework asked you to recode econpower into the following categories:

0 “no savings account and no wage earning”  

1 “has savings account, but not engaged in wage earning”  

2 “engaged in wage earning, but no savings account”  

3 “has both savings account and is engaged in wage earning” 

Identify the red flag from the following output.

• Most of the sample does not have savings and is not engaged in wage earning.

• There are values outside of the theoretical range.

• The N is wrong.

What is the red flag in this output?

• There is an unusually large amount of missing data!

• The N is wrong.

• There is no missing data.

Check out this syntax. What essential step is missing?

• Renaming q37a_d to q37a & q37b_d to q37b

• Checking recodes with tab or tab1

• Nothing! This looks perfect.