Question: note log and ln both denote the natural logarithm the...
Question details
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 cα/2 |
One-Sided, Critical Value cα |
One-Sided, 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 |
Solution by an expert tutor
