Question 3 1 pts Using the regression estimates from Question 1, which of the following is a correct interpretation based on the Bl estimate? 0 10 years older is associated with a $506 increase in average hourly earnings 0 5 years younger is associated with a $2.53 decrease in average hourly earnings 0 3 years younger is associated with a $15.18 increase in average hourly earnings 0 7 years older is associated with a $30.68 increase in average hourly earnings Question 1 1 pts Load the Tutorial 3 dataset tute3_cps.csv in R. Run a single linear regression where 'ahe' is the dependent variable and 'age' is the independent variable. In equation form, the regression equation is: ahe = BO + B1 age + u, where u is a homoskedastic error term. What is the standard error for BO from this regression? O 5.161 O 4.383 O 0.849 O 0.028 Question 2 1 pts Using the regression estimates from Question 1, what is the p-value for the test of the null hypothesis that B1 = 0.45 versus the alternative that B1 != 0.45, where "!=" means "not equals"? Choose the value that is closest to the value that you compute. O 0.000001 O 0.017 O 0.049 O 0.092