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5.0/ 5.0 Points
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View Full DocumentQuestion 1 of 4
In assignment 1 you estimated
Wage
i
= ß
0
+ß
1
education
i
+u
i
Report the standard error of ß
^
1
.011564
Question 2 of 4
Calculate the tstat 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 tact(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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 Spring '10
 DELIA

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