P-value associated with coefficients t-statistic, Business Economics

Assignment Help:

β1=0 e5.1 from stock and watson 3rd edition introduction to econometrics
Using the data set CPS08 described  run a regression of average hourly earnings (AHE) on Age and carry out the following exercises.

a) Is the estimated regression slope coefficient statistically significant? That is, can you reject the null hypothesis Ho: beta 1 = 0
Versus a two side alternative at the 10%, 5% or 1% significance level? What is the p-value associated with coefficient's t-statistic?

b) Construct a 95% confidence interval for the slope coefficient.

c) Repeat (a) using only the data for high school graduates

d) Repeat (a) using only the data for college graduates

e) Is the effect of age on earnings different for high school graduates than college graduates? Explain


Related Discussions:- P-value associated with coefficients t-statistic

Type of unemplyment, as a result of 2008 financial crisis, there was loss o...

as a result of 2008 financial crisis, there was loss of construction jobs in us, since home developers stopped building new homes. in your opinion which type of unemplyment is res

Industrial safety, Technological development is taking place at a very f...

Technological development is taking place at a very fast rate in all the fields like mechanical metalluringical chemical electrical and civil. These days every man is surrou

Critically analyse the drivers of globalisation, Problem 1: (a) Disting...

Problem 1: (a) Distinguish between the two broad aspects of globalization. (b) Critically analyse the drivers of globalisation. (c) Discuss, with examples, on the advanta

Base multiplier framework for money supply, Question: Extract of the Sp...

Question: Extract of the Speech by Mr Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank, at the Swiss Banking Global Symposium, Zurich, 16 November 2012

Status of the economy and gdp , • Although the country produced several typ...

• Although the country produced several types of commodities (goods and services) in the year 2002, but this country's Central Statistics Office has grouped such commodities into f

Assess significance of sales skills to project manager, How would you asses...

How would you assess the significance of sales skills to a project manager? Are they, increasing or decreasing in your view, significance? Why do you think there is this change occ

Theories of absolute and comparative advantage of trade, Question 1: (a...

Question 1: (a) Clearly distinguish between the theories of Absolute and Comparative advantage of trade. (b) According to you, can the ‘Factor Endowment Theory' be a reaso

What are harrod-domar restrictions, What are Harrod-Domar restrictions? ...

What are Harrod-Domar restrictions? Harrod-Domar restrictions: • Non economic social, cultural, political and institutional circumstances are unimportant into growth pro

Discuss about regional trade agreements, Question 1: ‘The WTO was set u...

Question 1: ‘The WTO was set up with the intention of regulating international trade between countries'. How successful has the WTO been in attaining its objectives? Questi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd