Suppose you would like to test the hypothesis that one year of attending a university is worth three years of attending a two-year school (junior college), in terms of effect on wages, using the following econometric model:log(wage)=β0+β1jc+β2univ+β3ex per + uwhats the Null?

Explanation:

The null hypothesis is the hypothesis that there is no significant difference between specified populations and that any observed difference is due to sampling/experimental error.

We would like to test that one year of attending a university with regression parameter is worth 3 years of attending a junior college with regression parameter in terms of the wages earned.

In the model:

The null hypothesis will therefore be:

report!

explanation:

physics means: "the branch of science concerned with the nature and properties of matter and energy. the subject matter of physics, distinguished from that of chemistry and biology, includes mechanics, heat, light and other radiation, sound, electricity, magnetism, and the structure of atoms."