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1. You can nd the data for this question in the Tutorial 3 folder on moodle. The data are a sample of 300 male manual

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1. You can nd the data for this question in the \"Tutorial 3\" folder on moodle. The data are a sample of 300 male manual workers from the UK. We are interested in the regression of hlwage (Image) on education (educ): law,- 2 a + eld\"; + 8,- (a) Regress h1 wage (Image) on education (educ). Interpret your results. (b) Can you reject the hypothesis that an additional year of schooling increases wages by 1%? (e) What is the R2 of the regression? Give the formula and explain what it is in words. ((1) Add years of experience (exp) to the regression. What happens to the estimated effect of educa- tion? Explain why this happens. [Notez please include the State commands you have used and take a screenshot of your State output and copy and paste it into your answer]

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