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Test the null hypothesis H0 : 3 = 0, 4 = 0 against the alternative H1 : H0 is not true at 1% significance level.

Test the null hypothesis H0 : 3 = 0, 4 = 0 against the alternative H1 : H0 is not true at 1% significance level. Perform the test by running restricted and unrestricted models. What do the results suggest?

wages = 0 +1education+2workexp+3unionmember +4south+ 59occupation + 10female + u

image text in transcribed wages = 0 +1education+2workexp+3unionmember +4south+ 59occupation + 10female + u

. regress wages education workexp unionmember south ib(last). occupation female . regress wages education workexp unionmember south ib(last). occupation female

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