Ation. (2 marks) 6. Reconsider the previous question whe
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Ation. (2 marks) 6. Reconsider the previous question where beginning salary (Y) was related to years of education (X) fo
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Ation. (2 marks) 6. Reconsider the previous question where beginning salary (Y) was related to years of education (X) for a sample of bank employees. Compute the estimated variances and covariance of the least squares estimators by and b2. (2 marks each) 7. This example is a continuation of questions (5) and (6) that use data on salary and education from the file salary.dat. (a) Test the null hypothesis that years of education have no effect on starting salary at the 5% level of significance. What alternative hypothesis have you chosen Why Be sure to do all five parts of the hypothesis test (5 marks total)
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