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  3. note log and ln both denote the natural logarithm the...

Question: note log and ln both denote the natural logarithm the...

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Note: “Log” and “Ln both denote the natural logarithm

The coefficient on college_education in is “0.88”. The standard error of the coefficient is 0.38. What is the t-value and is the estimate statistically significant (assume two sided critical values)? 

Confidence level

(1-α)

Level of Significance

(α)

Two–Sided
Critical Value

cα/2

One-Sided,
Upper-Tail

Critical Value

cα

One-Sided,
Lower-Tail

Critical Value

-cα

90%

10%

1.645

1.28

-1.28

95%

5%

1.96

1.645

-1.645

99%

1%

2.58

2.33

-2.33

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