A researcher wants to test the relationship between the number of years of formal education received (Xi) and the average weekly earnings (Yi) (measured in hundred dollars). A report released by a government agency suggests that the average weekly earnings of individuals with no formal education is equal to $429. The researcher wants to test whether the average weekly earnings with no formal education is $429 or greater than that. He collects data from a sample of 120 individuals and estimates the following regression function: A Y,- =9.45+3.14X,, (2.45) (2.18) where '9,- is the predicted value of the weekly earnings for the 1m individual and the standard errors for the coefcients appear in parenthesis. The tstatistic for the test the researcher wants to conduct will be (Round your answer to two decimal places.) At the 5% significance level, the researcher will the null hypothesis that the average weekly earnings of individuals with no formal education is equal to $545. fail to reject reject