Question: A researcher is given 935 dataset to study the relationship between In(wage) and age of employees from OLS estimation. The estimation results are in the

A researcher is given 935 dataset to study the relationship between In(wage) and age of employees from OLS estimation. The estimation results are in the following table with some values are missing. The model used is: log(wage) - Bo+Bage+u/ The value of F-statistic is approximately Dependent Variable: LWAGE Method: Least Square Sample: 1935 Included observations: 936 Variable Coefficient 1-Statistic Prob Std. Error C 6.063694 0.021929 0.41616 5.00888 0.0000 AGE AGE 6.053594 0.021929 0.41616 5.00888 0.0000 R-squared Adjusted R-squared S.E of regression Sum squared resid Log likelihood F-statistic Mean dependent var 0.025143 S.D. dependent var Akalke info criterion 161.3183 Schwarz criterion -505.2320 6.779004 0.421144 1.084988 1.095342 Prob (F-statistic) O A.-25.0889 OB.34704.89 C. 12.5445 25.08896

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