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A study explores the association between wage (hourly wage in dollars), age (years) and tenure (job tenure in years) for a sample of 2231 higher

A study explores the association between wage (hourly wage in dollars), age (years) and tenure (job tenure in years) for a sample of 2231 higher education academics. You fit a regression equation using tenure and age as the predictor variables and average wage as the dependent variable. The output from this regression is given below

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regress wage tenure age Source SS df MS Number of obs 2, 231 F(2, 2228) 39.28 Model 2523.72839 2 1261.86419 Prob > F 0.0000 Residual 71578.0993 2, 228 32.1266155 R-squared 0. 0341 Adj R-squared 0.0332 Total 74101.8276 2, 230 33.2295191 Root MSE 5.668 wage Coefficient Std. err. t P>It| [95% conf. interval] tenure . 1897294 . 0218416 8.69 0.000 . 1468974 . 2325614 age - . 0941805 . 0393165 -2.40 0. 017 - . 1712812 - . 0170797 _cons 10.34558 1.539894 6.72 0.000 7.325802 13.36536

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