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Question 20 The following regression relating wages and years of education is estimated: Wage = 8.5 + 2.1YrsEd. We also estimate: SSE = 942.6, n = 42, E(YrsEd; – YrsEd)² = 28 %3D Based off this information, compute the t-statistic for testing the null hypothesis that YrsEd has no effect on Wage. Round to two decimals: Given your t-statistic and the other data, do you reject or fail to reject the null hypothesis that YrsEd has no effect on Wage? Write reject or fail to reject.

Question 20 The following regression relating wages and years of education is estimated: Wage = 8.5 + 2.1YrsEd. We also estimate: SSE = 942.6, n = 42, E(YrsEd; – YrsEd)² = 28 %3D Based off this information, compute the t-statistic for testing the null hypothesis that YrsEd has no effect on Wage. Round to two decimals: Given your t-statistic and the other data, do you reject or fail to reject the null hypothesis that YrsEd has no effect on Wage? Write reject or fail to reject.

MATLAB: An Introduction with Applications
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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Question 20 The following regression relating wages and years of education is estimated: Wage - 8.5 + 2.1YrsEd. We also estimate: SSE = 942.6, n = 42, E(YrsEd; – YrsEd)2 = 28 Based off this information, compute the t-statistic for testing the null hypothesis that YrsEd has no effect on Wage. Round to two decimals: Given your t-statistic and the other data, do you reject or fail to reject the null hypothesis that YrsEd has no effect on Wage? Write reject or fail to reject.
Transcribed Image Text:Question 20 The following regression relating wages and years of education is estimated: Wage - 8.5 + 2.1YrsEd. We also estimate: SSE = 942.6, n = 42, E(YrsEd; – YrsEd)2 = 28 Based off this information, compute the t-statistic for testing the null hypothesis that YrsEd has no effect on Wage. Round to two decimals: Given your t-statistic and the other data, do you reject or fail to reject the null hypothesis that YrsEd has no effect on Wage? Write reject or fail to reject.
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