Michael believes the following model is correct: Wage = B0 + B1 *Schooling + B2* Experience + B3*Experience2 + u Anna thinks the following model is correct: Wage = B0 + B2* Experience + B3* Experience2 + u 1) Cleo notes that you need a job to get a wage. Which one of the potential threats to internal validity does this relate to? 2) Peter notes that if you have a hi

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Michael believes the following model is correct:

Wage = B0 + B1 *Schooling + B2* Experience + B3*Experience2 + u

Anna thinks the following model is correct:

Wage = B0 + B2* Experience + B3* Experience2 + u

1) Cleo notes that you need a job to get a wage. Which one of the potential threats to internal validity does this relate to?

2) Peter notes that if you have a high wage, you can pay for more schooling. Which one of the potential threats to internal validity does this relate to?

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