You Have Estimated the Following Regression to Explain Hourly Wages,using

question 41

Essay

You have estimated the following regression to explain hourly wages,using a sample of 250 individuals:
AHEi = -2.44 - 1.57 × DFemme + 0.27 × DMarried + 0.59 × Educ + 0.04 × Exper - 0.60 × DNonwhite
(1.29)(0.33)(0.36)(0.09)(0.01)(0.49)
+ 0.13 × NCentral - 0.11 × South
(0.59)(0.58)
R2 = 0.36,SER = 2.74,n = 250
Numbers in parenthesis are heteroskedasticity robust standard errors.Add "*"(5%)and "**" (1%)to indicate statistical significance of the coefficients.

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Definitions:

Sample Size

The number of observations or units collected in a study or used in statistical analysis.

Error of Estimation

The discrepancy between a population parameter and its estimate based on a sample.

Sample Size

The number of observations or data points that make up a sample in a study.

Error of Estimation

The difference between a population parameter and its estimate derived from a sample.