You will use the data in the table below to answer the next…

You will use the data in the table below to answer the next three (3) questions. Each question is worth 10 points.   Observational Unit X Y 1 6 3 2 8 4 3 16 8 4 5 5 5 15 10   Using the data described in the table above, estimate the value of the intercept term (

You extract approximately 5,000 observations from the Curren…

You extract approximately 5,000 observations from the Current Population Survey (CPS) and estimate the following regression function: = 3.32 — 0.45Age, R2= 0.02, SER = 8.66         (1.00)   (0.04)where ahe is average hourly earnings, and Age is the individual’s age. Given the specification, your 95% confidence interval for the effect of changing age by 5 years is approximately: