Whistler - Sample Midterm - ECONOMICS 326 Sample Mid-term...

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ECONOMICS 326 Sample Mid-term Exam NO Calculator – For questions that ask for a numerical answer, you do not need to give a final numerical answer. But numerical calculations must be clearly shown. Part I A labour economist has a data set with observations on hourly wage rates (in $) and years of education for 88 workers. The average wage is $8.25 per hour. A regression model is: e educ wage 2 + β + β = 1 . Stata e stimation results are below. . regress wage educ Source | SS df MS Number of obs = 88 -------------+------------------------------ F( 1, 86) = 6.65 Model | 140.330181 1 140.330181 Prob > F = 0.0116 Residual | 1814.45516 86 21.0983158 R-squared = 0.0718 -------------+------------------------------ Adj R-squared = 0.0610 Total | 1954.78534 87 22.468797 Root MSE = 4.5933 ------------------------------------------------------------------------------ wage | Coef. Std. Err. t P>|t| [95% Conf. Interval] -------------+----------------------------------------------------------------
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This note was uploaded on 03/24/2012 for the course ECON 326 taught by Professor Whisler during the Spring '10 term at The University of British Columbia.

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Whistler - Sample Midterm - ECONOMICS 326 Sample Mid-term...

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