Question: Test the hypothesis that the slope coefficient O at the 1% level of significance and interpret the results (20pts) The school management is indecisive

Test the hypothesis that the slope coefficient O at the 1% level of significance and interpret the results (20pts) The school management is indecisive to employ teachers with experience and request conclusive statistical evidence that the estimated slope coefficient is greater than 0.50 at the 5% level of significance. Please interpret the results. (20pts) The researcher is not sure whether linear model is true functional form and obtains the log-linear estimates of the same model as follows: (20 pts) Inmathscore 6.169 0.0013tchexper (se) (0.00538) (0.00049) a) Interpret the slope coefficient using the semi-elasticity. b) Calculate the predicted mathscore when teacher experience is 8 and find elasticity when teacher experience is 8.

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