Question

Suppose the classical linear model assumptions hold, and the population model for log(wage) is given by:

Answer 1

Answer:

Throughout the clarification segment down, the definition including its concern is explained.

Explanation:

The query presented seems to be incomplete. Please notice the full issue attachment below.

• The classical model relies on either the calculation as well as assumption of "finite sample," suggesting that perhaps the amount of measurements "n" is defined.

Present work does not affect salary seems to be:

⇒ H₀ : B₃ = 0

• One side of the alterbate theory would be that ceteris paribus, duration at current employment seems to harm incomes.

It is possible to state everything as:

⇒ H₁ : B₃<0