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In: Statistics and Probability

Consider the beauty dataset from the wooldridge package in R. Suppose you wish to estimate the...

Consider the beauty dataset from the wooldridge package in R.

Suppose you wish to estimate the following equation:

lwage=β0+β1educ+u

Using heteroscedastic-robust standard errors, conduct the hypothesis test

H0:β1=0

H1:β1≠0

What is the t-value associated with this test?

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Expert Solution

orchestra answered 1 year ago
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