You estimate the following regression: In(Earn) = 5.349 + 0.0159*Education (2.755) (0.0092) What is the 99% confidence interval for the effect that an increase in education by 3 years has on earnings? Ol-0.24%, 0.12%] OI-0.0078%, 0.040%] Ol-0.78%, 3.96%] Ol-0.64%, 10.18%] O-2.35%, 11.89%]

You estimate the following regression: In(Earn) = 5.349 + 0.0159*Education (2.755) (0.0092) What is the 99% confidence interval for the effect that an increase in education by 3 years has on earnings? Ol-0.24%, 0.12%] OI-0.0078%, 0.040%] Ol-0.78%, 3.96%] Ol-0.64%, 10.18%] O-2.35%, 11.89%]

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

You estimate the following regression:
In(Earn) = 5.349 + 0.0159*Education
(2.755) (0.0092)
What is the 99% confidence interval for the effect that an increase in education by 3 years has on earnings?
OI-0.24%, 0.12%]
OI-0.0078%, 0.040%]
OI-0.78%, 3.96%]
OI-0.64%, 10.18%]
OI-2.35%, 11.89%]

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