Question: 1. (15 points ) Following on from the example in Section 6.3, the file hwage xisx contains another subset of data used by labor economist

1. (15 points ) Following on from the example in Section 6.3, the file hwage xisx contains another subset of data used by labor economist .0 Mroz. Thevariables with which we are concerned a e H / - hi : band . wage in 2004 ollar He - hu.bands education atta nment in _ ears HA - husband's age C.1 = a variable equal to one it living in a large aty, Otherwise780 (a) estimate the model HW = / + / HE + / Ha+. (computer output 1.5), effects (1.5+1.5) What effects do changes in the level o education and age have on wages? Does 'RESET suggest that the model in part (a) is adequate? 5% =20

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