Question 12 2 pts A regression model is trying to explain weekly wage levels in dollars across people by their education

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Question 12 2 Pts A Regression Model Is Trying To Explain Weekly Wage Levels In Dollars Across People By Their Education 1 (26 KiB) Viewed 107 times

Question 12 2 pts A regression model is trying to explain weekly wage levels in dollars across people by their education level. The dependent variable is the wage, and the independent variable, X. measures someone's highest level of education. It takes the values 1 for Primary, 2 for Secondary (High School) and 3 for tertiary and above (university). Ignoring all the standard errors and R2 the regression line for weekly wages is: Wage 500 + 150 X What is the difference in expected earnings between someone with university education, compared to someone Ivith only primary education?? this question cannot be answered with this model because X is nominal data O 300 150 350