Question: 42 Test the hypothesis, at or = 0.05, that Bob's marginal effect of education is greater than that of Tom's. The Pvalue for the test

42 Test the hypothesis, at or = 0.05, that Bob's marginal effect of education is greater than that of Tom's. The Pvalue for the test is, 0.0525 Reject H0. Bob's marginal effect is greater than that of Tom's. 0.0525 Do not reject H0. Bob's marginal effect is not greater than that of Tom's. 0.0175 Reject H0. Bob's marginal effect is greater than that of Tom's. 0.0175 Do not reject Ho. Bob's marginal effect is not greater than that of Tom's. n-nc'm
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
