A-Calculate the t-ratio of the slope coefficient. Prove that you obtain the same value as estimated by
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Question:
A-Calculate the t-ratio of the slope coefficient. Prove that you obtain the same value as estimated by the above outcome.
B-Given the above estimated outcome, test to verify if the slope coefficient of YRSEDUC is significant. Use a two-sided t-test statistical approach, and show all the required steps.
C-Based on your findings above, do you think the variable YRSEDUC is an important factor impacting EARN? Why or why not?
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