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A regression of average weekly earnings (AWE, measured in dollars) on age (measured in years) using a random sample of college-educated full-time workers aged 2565
A regression of average weekly earnings (AWE, measured in dollars) on age (measured in years) using a random sample of college-educated full-time workers aged 2565 yields the following: A/VWE = 745.4690 + 10.2720 x Age, R2 = 0.025, SER = 667.8. The coefficient shows the marginal effect of Age on AWE; that is, AWE is expected to increase by $ for each additional year of age. is the intercept of the regression line. It determines the overall level of the line. (Round your responses to four decimal places.)
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