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A regression of average weekly earnings (AWE, measured in dollars) on age (measured in years) using a random sample of c
Posted: Fri Jul 01, 2022 8:51 am
by answerhappygod
- A Regression Of Average Weekly Earnings Awe Measured In Dollars On Age Measured In Years Using A Random Sample Of C 1 (31.8 KiB) Viewed 87 times
A regression of average weekly earnings (AWE, measured in dollars) on age (measured in years) using a random sample of college-educated full-time workers aged 25-65 yields the following: AWE=703.6670 +9.6960 × Age, R² = 0.023, SER=630.3. The coefficient shows the marginal effect of Age on AWE; that is, AWE is expected to increase by $ for each additional year of age. is the intercept of the regression line. It determines the overall level of the line. (Round your responses to four decimal places.)