Consider the linear regression model: log(wage)=DB1+B2 MATH+B3 ARABIC + e where wage is the hourly wage and MATH is you scorein Math courses and ARABIC is your score in Arabic courses. You would like to test the hypothesis that MATH and ARABIC have thesame effect on log(wage) against the alternative that MATH has a greater weight on log(wage)a. Formally state the null and the alternative hypothesesb. The OLS results from a sample of 300 observations are reported belowlog(wage)= 2.55+ 0.85 MATH+2.75 ARABICR-square= 0.55)se (1.55) (0.035)(1.25)Test the hypothesis that you stated in (a) at 5% level given that the cov(b2,b3)=0.

The linear regression model: wage= The hourly wageMATH= Score is math coursesARABIC= Score in Arabic…

Answered: Consider the linear regression model:…

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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