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

question 56

Essay

You have estimated the following regression to explain hourly wages,using a sample of 250 individuals: = -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
Test the null hypothesis that the coefficients on DMarried,DNonwhite,and the two regional variables,NCentral and South are zero.The F-statistic for the null hypothesis βmarried = βnonwhite = βnonwhite = βncentral = βsouth = 0 is 0.61.Do you reject the null hypothesis?

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Definitions:

Independent Events

Two or more events in probability with the outcome of any one event not influencing or being influenced by the outcome of the other event(s).

Fair Coin

A theoretical coin that has an equal likelihood of landing on heads or tails, often used in probability and statistics to model random events.

Record

The documented information or achievement that is recognized as the best or most remarkable performance in a particular field.

Number of Heads

In probability and statistics, refers to the count of successes (heads) in experiments of tossing coins a given number of times.