Using data from the Current Population Survey, you estimate the following relationship between_{average hourly earnings (}_ahe_{)and the number of years of education (}_educ_): = -4.58 + 1.71 educ
The heteroskedasticity-robust standard error on the slope is (0.03). Calculate the 95% confidence interval for the slope. Repeat the exercise using the 90% and then the 99% confidence interval. Can you reject the null hypothesis that the slope coefficient is zero in the population?

Question

Using data from the Current Population Survey, you estimate the following relationship between_{average hourly earnings (}_ahe_{)and the number of years of education (}_educ_):

Using data from the Current Population Survey, you estimate the following relationship between<sub> average hourly earnings (</sub><sub>ahe</sub><sub>)and the number of years of education (</sub><sub>educ</sub><sub>):</sub> = -4.58 + 1.71 educ The heteroskedasticity-robust standard error on the slope is (0.03). Calculate the 95% confidence interval for the slope. Repeat the exercise using the 90% and then the 99% confidence interval. Can you reject the null hypothesis that the slope coefficient is zero in the population?

= -4.58 + 1.71 educ
The heteroskedasticity-robust standard error on the slope is (0.03). Calculate the 95% confidence interval for the slope. Repeat the exercise using the 90% and then the 99% confidence interval. Can you reject the null hypothesis that the slope coefficient is zero in the population?

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The Answer of Using data from the Current Population Survey, you estimate the following relationship between_{average hourly earnings (}_ahe_{)and the number of years of education (}_educ_): = -4.58 + 1.71 educ The heteroskedasticity-robust standard error on the slope is (0.03). Calculate the 95% confidence interval for the slope. Repeat the exercise using the 90% and then the 99% confidence interval. Can you reject the null hypothesis that the slope coefficient is zero in the population?

Using Data from the Current Population Survey, You Estimate the Following