Homework Sourse19 Using data from 50 workers a researcher estimates Wage 0
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Using data from 50 workers, a researcher estimates Wage = ?0 + ?1 Education + ?2 Experience +?3 Age + ?, where Wage is the hourly wage rate and Education, Experience, and Age are the years of higher education, the years of experience, and the age of the worker, respectively. A portion of the regression results is shown in the following table.
What is the sample regression equation? (Negative value should be indicated by a minus sign. Round your answers to 2 decimal places.)
What is the predicted value for Age = 23, Education = 3 and Experience = 5. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
| Using data from 50 workers, a researcher estimates Wage = ?0 + ?1 Education + ?2 Experience +?3 Age + ?, where Wage is the hourly wage rate and Education, Experience, and Age are the years of higher education, the years of experience, and the age of the worker, respectively. A portion of the regression results is shown in the following table. |
Solution
What is the sample regression equation? (Negative value should be indicated by a minus sign. Round your answers to 2 decimal places.)
What is the predicted value for Age = 23, Education = 3 and Experience = 5. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
| a-1. | What is the point estimate for ?1? | ||
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