Coefficient on education, Managerial Economics

Let Consider the following (familiar) equation which estimates the number of hours of sleep / year  that someone gets as a function of hours worked / year (total work), education (in years) and age. Assume this equation is estimated using a new data set of 64 people and the results are

1635_123.png

a.  Test the null hypothesis that the coefficient on education is equivalent to 6 at the 5% level.

 

 

Posted Date: 3/25/2013 6:43:34 AM | Location : United States







Related Discussions:- Coefficient on education, Assignment Help, Ask Question on Coefficient on education, Get Answer, Expert's Help, Coefficient on education Discussions

Write discussion on Coefficient on education
Your posts are moderated
Related Questions
Gains From International Trade The gains from International trade are to make the participating countries better of than they would have otherwise been.   This will be the res

State the Fixed factor of production Input level of a fixed factor can't be varied in the short run. Capital falls under the category of fixed factor. Capital alludes to resour


The demand curve Suppose that starting from a condition of equilibrium, the price of X falls relative to Y.  We now have a condition where the utility from the last shilling s

Marginal Revenue Marginal revenue is the additional revenue an organization receives resulting from the sale of one more item of output. Marginal revenue is calculated by takin

Interest rates Decreasing the rate of interest may not encourage investment but increasing the interest rate tends to lock up liquidity in the financial system.

What is Oligopoly? Oligopoly is a general market structure. This arises from similar forces that lead to monopoly, except within weaker form. This is an industry along with onl

Use a computer regression package, to work these two computer exercises. 2. Ozark Bottled Water Products, Inc. hired a marketing consulting firm to perform a test marketing of its

The production function of a small shop that frames pictures is Q = 5 √ LK where Q is the number of pictures framed per day, L is labor hours and K is the machine hours.

Q. Optimal Input Combination for Maximisation of Output? Equilibrium conditions of the firm are identical to the above situation which is, iso-cost line must be tangent to the