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# Assign 3 - Part 1 of 1 5.0 5.0 Points Question 1 of 4 In...

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Part 1 of 1 - 5.0/ 5.0 Points

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Question 1 of 4 In assignment 1 you estimated Wage i = ß 0 1 education i +u i Report the standard error of ß ^ 1 .011564 Question 2 of 4 Calculate the t-stat for ß ^ 1 51.07086 Question 3 of 4 At 5% significance level, do you reject Ho: ß 1 =0 Vs H 1 :Not H 0 ? Why? Since, the absolute value of t-act(51.07086) is greater than 1.96, which is the critical value at 5% significance level, we reject the null hypothesis. Question 4 of 4 One of your friends tells you that a worker's hourly wage increases 1\$/hr for every additional tear
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Assign 3 - Part 1 of 1 5.0 5.0 Points Question 1 of 4 In...

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