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

How does population growth produce development, How does population growth ...

How does population growth produce development? The impact of population growth depends upon the form: • By net migration. When the increase into population is highly skill

Calculate the equilibrium price and output for each firm, Problem 1: (i...

Problem 1: (i) Assuming a Cournot duopoly where the market demand is estimated as: P = 100 - Q The marginal cost is estimated to be constant at Rs. 10 for the two fir

What are problems of the sustainability in economic growth, What are the pr...

What are the problems of the sustainability in economic growth? Sustainability Problem in Economic Growth: Recent economic growth makes threats the future quality of life. S

Political partiy., two political party called hawks show apoint ppf that th...

two political party called hawks show apoint ppf that the hawks might choose and a point the doves might choose

Describe situations wherein an is project use subcontractors, Describe situ...

Describe situations wherein an IS project may need or wish to use subcontractors. Purposes for using subcontractors include: a. Lack of resources or skills: The organisation

Starbucks, how does starbucks responsibility to shareholderclash

how does starbucks responsibility to shareholderclash

How is the equality of income distribution measured, How is the equality of...

How is the equality of income distribution measured? The Gini coefficient is a statistical type measure of income distribution. This Gini coefficient is: • 0, which impl

Elasticity, how the concept of elasticity used for decision making

how the concept of elasticity used for decision making

Anti-dilution protection, Suppose that EBV makes a $6m Series A investment ...

Suppose that EBV makes a $6m Series A investment in Newco for 1m shares at $6 per share. One year later, Newco has fallen on hard times, and receives a $6m Series B financing from

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