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A labor economist wants to use an F-statistic to test the joint explanatory power of IQ; and EQ: in the following regression: Wagei = B1
A labor economist wants to use an F-statistic to test the joint explanatory power of IQ; and EQ: in the following regression: Wagei = B1 + 32 Edu; + 83 TenureYr; + BAIQi + BEQi + ei He gathered data from 2,000 workers, ran the regression, and obtained the following results: Wage, = 2.91 + 0.027Edui + 0.016TenureYr; + 0.0031Qi + 0.002EQ SST = 13, 890; R' = 0.763 When IQ and EQ are dropped from the model, R2 reduces to 0.703. a. The number of restrictions in the F-statistic is I b. The value of n - k equals c. The SSE for the unrestricted model equals (Please round the number to the nearest integer) d. The SSE for the restricted model equals (Please round the number to the nearest integer) e. The F-statistic equals (Please reserve 1 decimal place)
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