Question: In your work for Question 1, the Data Analysis: Regression output generated 95-percent and 90-percent confidence intervals. Explain why the 90-percent intervals are smaller. follows

In your work for Question 1, the Data Analysis: Regression output generated 95-percent and 90-percent confidence intervals. Explain why the 90-percent intervals are smaller. follows the classical econometric model. We consider two models:

Linear Model: Wagei = β0 + β1 Educationi + εi Semilog Model: lnWagei = β0 + β1 Educationi + εi

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