Consider another re-parametrization of model (1) as follows: wage vo male + 1 * female +42 Answer the following questions accordingly. * [educ≥ 6]+ 3 * experience + u Question 8 Given the B's, what is the value of 0? (Round to 2 decimal places) Question 9 Given the B's, what is the value of 1? (Round to 2 decimal places)

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Consider another re-parametrization of model (1) as follows:
wage vo male + 1 * female +42
Answer the following questions accordingly.
*
[educ≥ 6]+ 3 * experience + u
Question 8
Given the B's, what is the value of 0? (Round to 2 decimal places)
Question 9
Given the B's, what is the value of 1? (Round to 2 decimal places)
Transcribed Image Text:Consider another re-parametrization of model (1) as follows: wage vo male + 1 * female +42 Answer the following questions accordingly. * [educ≥ 6]+ 3 * experience + u Question 8 Given the B's, what is the value of 0? (Round to 2 decimal places) Question 9 Given the B's, what is the value of 1? (Round to 2 decimal places)
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