We are 95% confident that the population slope parameter is between,   a 1.40 1.89 b 1.48 1.81 c 1.53 1.75 d 1.57 1.72

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19 We are 95% confident that the population slope parameter is between,

 

a 1.40 1.89
b 1.48 1.81
c 1.53 1.75
d 1.57 1.72
Your want to study the relationship between hourly WAGE and the number of years of schooling (EDUC). You
obtain the wage and years of schooling for 50 persons. You obtain the following regression summary output from
your regression analysis.
DEPENDENT VARIABLE = WAGE
Regression Statistics
Multiple R
0.3845
R Square
Adjusted R Square
0.1470
Standard Error
Observations
1000
ANOVA
df
SS
MS
F Stat
P-value
Regression
24378.82 173.14735
1.393E-36
Error
140516.51
Total
164895.33
bi
se(b_j)
t Stat
P-value
Lower 95% Upper 95%
Intercept
-2.0780
1.7664
-1.1764
0.239730
-5.5443
1.3884
EDUC
1.6435
1.393E-36|
Transcribed Image Text:Your want to study the relationship between hourly WAGE and the number of years of schooling (EDUC). You obtain the wage and years of schooling for 50 persons. You obtain the following regression summary output from your regression analysis. DEPENDENT VARIABLE = WAGE Regression Statistics Multiple R 0.3845 R Square Adjusted R Square 0.1470 Standard Error Observations 1000 ANOVA df SS MS F Stat P-value Regression 24378.82 173.14735 1.393E-36 Error 140516.51 Total 164895.33 bi se(b_j) t Stat P-value Lower 95% Upper 95% Intercept -2.0780 1.7664 -1.1764 0.239730 -5.5443 1.3884 EDUC 1.6435 1.393E-36|
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