Source SS df MS Model Residual 26.8897965 138.766487 4 930 6.72244913 .149211276 Number of obs F(4, 930) Prob > F R-squa

Post by **answerhappygod** » Sun Sep 05, 2021 5:12 pm

: Source Ss Df Ms Model Residual 26 8897965 138 766487 4 930 6 72244913 149211276 Number Of Obs F 4 930 Prob F R Squa 1 (170.74 KiB) Viewed 69 times

1. At how many years of experience is the marginal effect of
experience on predicted wage equal to zero? [5 marks]
2. What is the predicted monthly wage in US$ for a worker with
10 years of education, an IQ score of 100, and 5 years of
experience? [10 marks]
Source SS df MS Model Residual 26.8897965 138.766487 4 930 6.72244913 .149211276 Number of obs F(4, 930) Prob > F R-squared Adj R-squared Root MSE 935 45.05 0.0000 0.1623 0.1587 . 38628 = Total 165.656283 934 .177362188 lwage Coef. Std. Err. t P>It! [95% Conf. Interval] educ IQ exper exper2 cons .0573256 .0057867 .0157135 .0001646 5.213965 .0073883 .0009801 .0133006 .0005569 1329475 7.76 5.90 1.18 0.30 39.22 0.000 0.000 0.238 0.768 0.000 .0428258 .0038 632 -.0103892 -.0009284 4.953053 .0718253 .0077103 .0418163 .0012576 5.474876