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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Use the data in WAGE2.RAW for this exercise.
(i) Consider the standard wage equation
log(wage)????0????1educ????2exper????3tenure??u.
State the null hypothesis that another year of general workforce experience has the
same effect on log(wage) as another year of tenure with the current employer.
(ii) Test the null hypothesis in part (i) against a two-sided alternative, at the 5% signifi-
cance level, by constructing a 95% confidence interval. What do you conclude?
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