A researcher wants to test the relationship between the number of years of formal education received (X) and the average weekly earnings (Y,) (measured in hundred dollars). report released by a government agency suggests that the average weekly earnings of individuals with no formal education is equal to $545. The researcher wants to test whether the average weekly earnings with no formal education is $545 or greater than hat. He collects data from a sample of 150 individuals and estimates the following regression function: ŷ = 6.91 + 1.21X, (2.45) (4.25) where Y, is the predicted value of the weekly earnings for the " individual and the standard errors for the coefficients appear in parenthesis. he t-statistic for the test the researcher wants to conduct will be 0.60'. Round your answer to two decimal places.) at the 5% significance level, the researcher will v the null hypothesis that the average weekly earnings of individuals with no formal education i equal to $545 reject fail to reject
A researcher wants to test the relationship between the number of years of formal education received (X) and the average weekly earnings (Y,) (measured in hundred dollars). report released by a government agency suggests that the average weekly earnings of individuals with no formal education is equal to $545. The researcher wants to test whether the average weekly earnings with no formal education is $545 or greater than hat. He collects data from a sample of 150 individuals and estimates the following regression function: ŷ = 6.91 + 1.21X, (2.45) (4.25) where Y, is the predicted value of the weekly earnings for the " individual and the standard errors for the coefficients appear in parenthesis. he t-statistic for the test the researcher wants to conduct will be 0.60'. Round your answer to two decimal places.) at the 5% significance level, the researcher will v the null hypothesis that the average weekly earnings of individuals with no formal education i equal to $545 reject fail to reject
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:A researcher wants to test the relationship between the number of years of formal education received (X;) and the average weekly earnings (Y;) (measured in hundred dollars).
A report released by a government agency suggests that the average weekly earnings of individuals with no formal education is equal to $545. The researcher wants to test whether the average weekly earnings with no formal education is $545 or greater than
that. He collects data from a sample of 150 individuals and estimates the following regression function:
ŷ, = 6.91 + 1.21X;,
(2.45) (4.25)
where Y, is the predicted value of the weekly earnings for the " individual and the standard errors for the coefficients appear in parenthesis.
The t-statistic for the test the researcher wants to conduct will be 0.60
(Round your answer to two decimal places.)
At the 5% significance level, the researcher will
v the null hypothesis that the average weekly earnings of individuals with no formal education is equal to $545.
reject
fail to reject
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