Question: please solve it step by step it will be better if typed You have a model estimated on a sample of cross-sectional data set on
please solve it step by step
it will be better if typed
You have a model estimated on a sample of cross-sectional data set on 526 working individuals for the year 1976 in the US. wage - individual wage in dollars per hour; educ-years of education; exper - years of working experience; numdep - number of dependents on the worker; smsa - an indicator of living in a metropolitan area; female - an indicator for gender ( =1, if woman; =0, if man); married-marital status ( =1, if married; =0, otherwise); south - an indicator of living in southern region. wage l=+1 educ i+2 exper 1+3 numdep i+4 smsa i+5 female i+6 married i+7 south 1+i R2=0.3371 TSS=7160.41 N=526 cov(educ,namidep)=0.0016 a) Find the following estimates You have a model estimated on a sample of cross-sectional data set on 526 working individuals for the year 1976 in the US. wage - individual wage in dollars per hour; educ-years of education; exper - years of working experience; numdep - number of dependents on the worker; smsa - an indicator of living in a metropolitan area; female - an indicator for gender ( =1, if woman; =0, if man); married-marital status ( =1, if married; =0, otherwise); south - an indicator of living in southern region. wage l=+1 educ i+2 exper 1+3 numdep i+4 smsa i+5 female i+6 married i+7 south 1+i R2=0.3371 TSS=7160.41 N=526 cov(educ,namidep)=0.0016 a) Find the following estimates
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