Question: 1. (20 pts) Suppose we obtain a random sample {K,X,-_}?=1 where Yi denotes the wages of person 2' and X,- their level of education. Assuming

1. (20 pts) Suppose we obtain a random sample {K,X,-_}?=1 where Yi denotes the wages of person 2' and X,- their level of education. Assuming E[|X} = 0, we estimate the linear regression model Y=1+l32X+e The results from such regre-ion (run in R) is summarized in the following output table ## Coefficients: H Estimate Std. Error t value Pr(>|tl) ## (Intercept) 5.20260 0.46549 11.18 1.17. Compute the pvalue for this hypothesis using a normal approximation

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