1.From the data given in earnings and education, we obtained the following regression a.Fill in the missing numbers. b. How do you interpret the coefficient 0.6416? c.Would you reject the hypothesis that education has no effect what so ever on wages? Which test do you use? And why? (tcritical=1.96) d.Test the hypothesis that the slope coefficient is zero. Which test do you use and why?

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13-07-2024
Business

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1.From the data given in earnings and education, we obtained the following regression a.Fill in the missing numbers. b. How do you interpret the coefficient 0.6416? c.Would you reject the hypothesis that education has no effect what so ever on wages? Which test do you use? And why? (tcritical=1.96) d.Test the hypothesis that the slope coefficient is zero. Which test do you use and why?

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