Consider the following multiple linear regression model: wage = ẞ0 + B₁educ + Y₁female + u, where educ is years of education; female = 1 for female and female = 0 for male. Which of the following statements is correct about the null hypothesis Ho: Y₁ = 0? The point estimate 1 will never exactly equal zero, whether or not Ho is true. When we fail to reject Ho, then we can conclude that we have evidence that the average wage level for female is equal to the average wage level for male, whether or not education is accounted for. The null hypothesis states that, once education has been accounted for, there is a difference between the average wage level for female and the average wage level for male. The point estimate 71 will always be equal to zero if Ho is true.
Consider the following multiple linear regression model: wage = ẞ0 + B₁educ + Y₁female + u, where educ is years of education; female = 1 for female and female = 0 for male. Which of the following statements is correct about the null hypothesis Ho: Y₁ = 0? The point estimate 1 will never exactly equal zero, whether or not Ho is true. When we fail to reject Ho, then we can conclude that we have evidence that the average wage level for female is equal to the average wage level for male, whether or not education is accounted for. The null hypothesis states that, once education has been accounted for, there is a difference between the average wage level for female and the average wage level for male. The point estimate 71 will always be equal to zero if Ho is true.
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:Consider the following multiple linear regression model: wage = ẞ0 + B₁educ + Y₁female + u,
where educ is years of education; female = 1 for female and female = 0 for male. Which of the
following statements is correct about the null hypothesis Ho: Y₁ = 0?
The point estimate 1 will never exactly equal zero, whether or not Ho is true.
When we fail to reject Ho, then we can conclude that we have evidence that the average wage level for
female is equal to the average wage level for male, whether or not education is accounted for.
The null hypothesis states that, once education has been accounted for, there is a difference between the
average wage level for female and the average wage level for male.
The point estimate 71 will always be equal to zero if Ho is true.
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