- A Researcher Has Estimated The Relationship Between Salaries Of 100 Selected Employees Of An Organization Shown As Ear 1 (118.05 KiB) Viewed 67 times
A-Construct the 95% confidence interval of the estimatedintercept above.
B-Given your findings in part A above, is it safe to claim thatthe above estimated intercept is significant? Show all the requiredsteps.
(Statistical tables are attached if needed)https://lms.brocku.ca/access/content/at ... TABLES.pdf
PLEASE GIVE DETAILED ANSWER. WILL GIVE AN UPVOTE.
A researcher has estimated the relationship between salaries of 100 selected employees of an organization (shown as "EARN" in $/hour) and their years of education (shown as "YRSEDUC", in years) as per the following regression outcome with 5% level of significance (numbers are made up): Model 1: OLS, using observations 1-100 Dependent variable: EARN const YRSEDUC coefficient 3.32418 0.451931 std. error 1.00223 0.0335255 Mean dependent var 16.77115 Sum squared resid 598935.5 0.022254 R-squared F(1, 7984) 181.7164 Log-likelihood -28571.28 Schwarz criterion 57160.52 t-ratio 3.317 13.48 p-value 0.0009 *** 5.73e-041 *** S.D. dependent var 8.758696 S.E. of regression 8.661234 Adjusted R-squared 0.022131 P-value(F) 5.73e-41 Akaike criterion 57146.55 Hannan-Quinn 57151.33