(19) Using data from 50 workers, a researcher estimates Wage = ? 0 + ? 1 Educati

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(19)

Using data from 50 workers, a researcher estimates Wage = ?0 + ?1 Education + ?2 Experience +?3 Age + ?, where Wage is the hourly wage rate and Education, Experience, and Age are the years of higher education, the years of experience, and the age of the worker, respectively. A portion of the regression results is shown in the following table.

What is the sample regression equation? (Negative value should be indicated by a minus sign. Round your answers to 2 decimal places.)

What is the predicted value for Age = 23, Education = 3 and Experience = 5. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Using data from 50 workers, a researcher estimates Wage = ?0 + ?1 Education + ?2 Experience +?3 Age + ?, where Wage is the hourly wage rate and Education, Experience, and Age are the years of higher education, the years of experience, and the age of the worker, respectively. A portion of the regression results is shown in the following table.

Explanation / Answer

What is the sample regression equation? (Negative value should be indicated by a minus sign. Round your answers to 2 decimal places.)

What is the predicted value for Age = 23, Education = 3 and Experience = 5. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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