SOLVED: A regression of average weekly earnings (AWE, measured indollars) on Age (measured in years) using a random sample ofcollege-educated full-time workers aged 25-65 yields thefollowing:A W E ^ = 696.7 9.6 × A g e , R 2 = 0.023 , S E R = 624.1,Which statement of the followingis NOT correct.Group of answer choicesIf worker's age increases by 1 year, AWE will increase by 9.6dollars.If worker's age increases by 1 year, AWE will increase by 696.7dollars.We usually don’t care much about interp
SOLVED: A regression of average weekly earnings (AWE, measured …
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