Question: What is the correct answer to this question? The selected answer is wrong. Incorrect Question 2 0 / 1 pts We're predicting wage as a

What is the correct answer to this question? The selected answer is wrong.

What is the correct answer to this question? The selected answer is

Incorrect Question 2 0 / 1 pts We're predicting wage as a function of age and years of experience in the field: wager = Bo + Blager + Bzexperi + Ei We think that both factors are important, but that experience is worth twice as much as age in predicting wage. Formally, we set our hypotheses as Ho: B2 = 231 vs Ha: B2 # 2B1 To test this, our restricted hypothesis needs to be evaluated using a new, computed variable. Which is the right variable? O xi = agei + -experi O xi = agei + experi O xi = age; + 2experi O xi = 2age; + experi If B2 = 21, then our restricted equation will be wager = Bo + Biage: + 2Bjexperi + Ei This simplifies to wagei = Bo + B1 (age: + 2experi) + Ei

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