Assignments: 2022FS-BUS_AD-1 x 5 Question 1 - Chapter 6 Homewor X C Using data from 50 workers, a re x + X > C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252F. Chapter 6 Homework Saved Help Save & Exit Submit Check my work Using data from 50 workers, a researcher estimates Wage = Bg + BjEducation + 82Experience + ByAge + , where Wage is the hourly wage rate and Education, Experience, and Age are the years of higher education, the years of experience, and the age of the worker, respectively. The regression results are shown in the following table. 10 points Standard Coefficients Error t Stat p-Value Intercept 7.05 3.59 1.96 0 . 0556 eBook Education 1. 69 0.30 5.63 0.0909 Experience 0. 38 0. 13 2.92 0 . 0054 Print Age -0. 06 0. 08 -0. 75 0 . 4571 References a-1. Interpret the point estimate for B1- As Education increases by 1 year, Wage is predicted to increase by 1.69/hour. O As Education increases by 1 year, Wage is predicted to increase by 0.38/hour. O As Education increases by 1 year, Wage is predicted to increase by 1.69/hour, holding Age and Experience constant. O As Education increases by 1 year, Wage is predicted to increase by 0.38/hour, holding Age and Experience constant. a-2. Interpret the point estimate for B2. n Ar Cunarianon inner caror hu lunar Wiland in needisted to inerases bu 160/hour Mc Graw Hill M 31 Nov 5 3:14 0Assignments: 2022FS-BUS_AD-1 x 5 Question 1 - Chapter 6 Homewor X C Using data from 50 workers, a re x + X > C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%252Fmghmiddleware%252F. Chapter 6 Homework Saved Help Save & Exit Submit Check my work a-2. Interpret the point estimate for B2- 10 O As Experience increases by 1 year, Wage is predicted to increase by 1.69/hour. points O As Experience increases by 1 year, Wage is predicted to increase by 0.38/hour. O As Experience increases by 1 year, Wage is predicted to increase by 1.69/hour, holding Age and Education constant. eBook As Experience increases by 1 year, Wage is predicted to increase by 0.38/hour, holding Age and Education constant. Print References b. What is the sample regression equation? (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) y = Education + Experience + Age c. Predict the hourly wage rate for a 23-year-old worker with 4 years of higher education and 2 years of experience. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Mc Graw Hill M 31 Nov 5 3:14 0 1