standard error type: HC1 Coefficients: Estimate Std. Error t value Pr (>lt) CI Lower CI Upper DF (Intercept) 1.60944 0.0

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standard error type: HC1 Coefficients: Estimate Std. Error t value Pr (>lt) CI Lower CI Upper DF (Intercept) 1.60944 0.0

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Standard Error Type Hc1 Coefficients Estimate Std Error T Value Pr Lt Ci Lower Ci Upper Df Intercept 1 60944 0 0 1
Standard Error Type Hc1 Coefficients Estimate Std Error T Value Pr Lt Ci Lower Ci Upper Df Intercept 1 60944 0 0 1 (22.3 KiB) Viewed 29 times
standard error type: HC1 Coefficients: Estimate Std. Error t value Pr (>lt) CI Lower CI Upper DF (Intercept) 1.60944 0.094739 16.99 4.782e-57 1.42353 1.7954 998 educ 0.09041 0.006794 13.31 2.610e-37 0.07708 0.1037 998 Multiple R-squared: 0.1782, Adjusted R-squared: 0.1774 F-statistic: 177.1 on 1 and 998 DF, p-value: < 2.2e-16
(5 point) The variable hrswk is the average weekly working hours for each individual in the data. Regress ln(wage) on educ and hrswk. Discuss the estimation results. In particular, how would you revise your answer in (c)? Are the estimates are statistically significant?
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