could you help me to understand how to compute points c,d,e and f in the correlated photos. I cannot think about any answer that could be right or not and i cannot find any explanation.
Problem Set 6 Deadline: Tuesday November 3, 2020 at 9PM Groundrules You are allowed to discuss the problem set with your classmates but every student must submit his her writeup. The problem set must be submitted through the LEARN platform before the deadline. The problem sets will not be graded. You should check the detailed answer sheet that will be posted on the course website after the deadline for the problem set submission has passed. If you have trouble understanding the problem set solutions, you are encouraged to attend office hours. In some cases, the TA may go over some of the questions appearing in a problem set during the TA session. Question 1 Using the "wagel.dta" dataset we estimated the following model wage - Bo + Bjeduc + B2exper + Byexper + BAfemale + Bssmsa + u and the results are: reg wage educ exper exper2 female smsaf near regression Number of obs 526 F (5, 520) 37 . 95 Prob \\ F 0 . 0000 R-squared 0. 3646 Root MSE 2 . 958 Robust wage Coef. Std. Err. P>ItI [958 Conf. Interval] educ 5203175 0610826 8. 52 0. 000 4003185 6403165 exper 2614191 0327361 7. 99 0 . 000 1971079 . 3257303 exper2 - . 0045448 0006826 6. 66 0. 000 . 0058857 - . 0032039 female -2. 14259 . 2501105 8 . 57 0 . 000 . 2715002 -2. 633941 -1 . 651239 smsa 1. 019552 3. 76 0.000 . 48618 1 . 552924 cons -2. 647531 8209734 -3. 22 0 . 001 -4 . 260363 -1 . 034699 sum wage Variable Obs Mean Std. Dev . Min Max wage 526 5. 896103 3. 693086 .53 24 . 98 1. (a) What is the return to an additional year of job experience (exper) for a person with no (zero) experience?(b) What is the return to an additional year of job experience (exper) for a person with 10 years of experience? (c) How does the return to experience vary with experience? Is this something you would have expected? (d) Verify that the return to experience does not vary with the years of education (educ). How would you modify the regression model to allow for the return to experience to depend on the years of education? (e) Someone argues that the return to education is twice the return to experience for a person with no (zero) experience. Formulate the null hypothesis to test this assertion. Can you test this hypothesis? (f) Formulate and test the hypothesis that the relationship between wages and experience is linear
