Assume that you are assigned to conduct a research about rural-urban migration problem in Addis Ababa with the sample size of 3240 and investigate the relationship between laborers' wage and their age X (Preliminary analysis of the sample data produces the following sample information

(a)Compute the value of coefficient of determination and briefly explain what does it mean

Solutions

(b)Is age statistically significant to explain the variation in hourly wage? Which Hypothesis do you support?

(c)Calculate the value of F-statistic