Question: PLEASE ONLY ANSWER THIS: I only need help with C. Predict the hourly rate for a 37-year-old worker with 4 years of higher education and

PLEASE ONLY ANSWER THIS: I only need help with C. Predict the hourly rate for a 37-year-old worker with 4 years of higher education and 2 years of experience.

PLEASE ONLY ANSWER THIS: I only need help with C. Predict the

Exercise 14-23 Algo Using data from 50 workers, a researcher estimates Wage = 6 + 6, Education + 6,Experience + 63Age + &, where Wage is the hourly wage rate and Education, Experience, and Age are the years of higher education, the years of experience, and the age of the worker, respectively. The regression results are shown in the following table. Standard Coefficients Error t Stat p-Value Intercept 6.08 4.15 1.47 0. 1497 Education 1.24 0.34 3.65 0. 0907 Experience 0.48 0.18 2.67 0. 0105 Age -0.04 0.09 -0.44 0. 6588 a-1. Interpret the point estimate for 61- As Education increases by 1 year, Wage is predicted to increase by 1.24/hour. As Education increases by 1 year, Wage is predicted to increase by 0.48/hour. As Education increases by 1 year, Wage is predicted to increase by 1.24/hour, holding Age and Experience constant. As Education increases by 1 year, Wage is predicted to increase by 0.48/hour, holding Age and Experience constant. a-2. Interpret the point estimate for 62

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