一道习题:
a regression of average weekly earnings(AWE,measured in dollars) on age (measured in years) using a random sample of college-educated full-time workers aged 25-65 yields the following:
AWE=696.7+9.6Age, R2=0.023, SER=624.1
(A)
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(G) given what you know about the distribution of earnings, do you think it is plausible that the distribution of errors inthe regression is normal?(Hint: do you think that the distribution is aymmetric or skewed? What is the smallest value of earnings and is it consistent with a normal distribution?)
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