Question: Using data from 50 workers, a researcher estimates Wage=0+1Education+2Experience+3Wage+, where Wage is hourly wage rate and Education, Experience, and Age are years of higher education,

Using data from 50 workers, a researcher estimates Wage=0+1Education+2Experience+3Wage+, where Wage is hourly wage rate and Education, Experience, and Age are years of higher education, years of experience, and age of worker, respectively. A portion of the regression table is shown:

	Coefficients	Standard Error	t Stat	p-value
Intercept	7.87	4.09	1.93	0.0603
Education	1.44	0.34	4.24	0.0001
Experience	0.45	0.14	3.16	0.0028
Age	-0.01	0.08	-0.14	0.8920

Interpret the estimates for1and 2

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