Question Click to see additional instructions For 600 individuals, there is data on annual wage income (wage) and years of education (educi). The estimation model is: wage, Bo + B₁ educ + U₁ Coefficient Standard Errors Constant 18834,8 9066.3 660.5 educ 1203.4 Compute the t-statistic for each regressor under the null that they are equal to zero. The t-statistic for Click to see additional instructions For 600 individuals, there is data on annual wage income (wage) and years of education (educi). The estimation model is: wage, Bo + B₁ educ + U₁ Coefficient Standard Errors Constant 18834,8 9066.3 660.5 educ 1203.4 Compute the t-statistic for each regressor under the null that they are equal to zero. The t-statistic for the constant is the t-statistic for educ, is [Two decimal places is sufficient.] and

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Transcribed Image Text: Click to see additional instructions For 600 individuals, there is data on annual wage income (wage) and years of education (educi). The estimation model is: wage, Bo + B₁ educ + U₁ Coefficient Standard Errors Constant 18834,8 9066.3 660.5 educ 1203.4 Compute the t-statistic for each regressor under the null that they are equal to zero. The t-statistic for the constant is the t-statistic for educ, is [Two decimal places is sufficient.] and
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Transcribed Image Text: Click to see additional instructions For 600 individuals, there is data on annual wage income (wage) and years of education (educi). The estimation model is: wage, Bo + B₁ educ + U₁ Coefficient Standard Errors Constant 18834,8 9066.3 660.5 educ 1203.4 Compute the t-statistic for each regressor under the null that they are equal to zero. The t-statistic for the constant is the t-statistic for educ, is [Two decimal places is sufficient.] and
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Answer:- Given that: For 600 individuals, there is data on annual wage income (wage) and years of education (educi) The estimated model is, Wagei = B0 + B1 educi + ui   Coefficient Standard Errors Constant 18834.8 9066.3 educi 1203.4 660.5   Here we need to calculate t-statistic for constant and t-statistic for educi t- statistic =(" Sample value "-" Hypothesised value ")/(" Standard error ") For Constant, Sample value = 18834.8 Standard error = 9066.3   For educi, Sample value = 1203.4 Standard error = 660.5   For both hypothesise ... See the full answer