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 hundre dollars). A report released by a government agency suggests that the average weekly earnings of individuals with no formal education is equal to $429. The researcher wants test whether the average weekly earnings with no formal education is $429 or greater than that. He collects data from a sample of 100 individuals and estimates the following regression function: î, =9.45 + 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 (Round your answer to two decimal places.)

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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 $429. The researcher wants to
test whether the average weekly earnings with no formal education is $429 or greater than that. He collects data from a sample of 100 individuals and estimates the
following regression function:
î, = 9.45 + 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
(Round your answer to two decimal places.)
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 $429. The researcher wants to test whether the average weekly earnings with no formal education is $429 or greater than that. He collects data from a sample of 100 individuals and estimates the following regression function: î, = 9.45 + 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 (Round your answer to two decimal places.)
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