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Let wages denote a person's hourly wages and edu denote their years of education. Suppos wages = B1 + Bzedu + B3edu? +e %3D and that e is normally distributed with mean zero and variance one (so e - B2 = 0.2, Bz = -0.01, and we observe an individual with 16 years of education. What is the wages are larger than one? In the options below, Z N(0, 1). N(0, 1)). Suppose O a. 1- P(Z -0.64) O b. 1- P(Z > 1.64)

Let wages denote a person's hourly wages and edu denote their years of education. Suppos wages = B1 + Bzedu + B3edu? +e %3D and that e is normally distributed with mean zero and variance one (so e - B2 = 0.2, Bz = -0.01, and we observe an individual with 16 years of education. What is the wages are larger than one? In the options below, Z N(0, 1). N(0, 1)). Suppose O a. 1- P(Z -0.64) O b. 1- P(Z > 1.64)

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section: Chapter Questions
Problem 8CR
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Let wages denote a person's hourly wages and edu denote their years of education. Suppose that wages = B1 + fzedu + B3edu? + e and that e is normally distributed with mean zero and variance one (so e~ B2 = 0.2, B3 = -0.01, and we observe an individual with 16 years of education. What is the probability that her wages are larger than one? In the options below, Z N(0, 1). N(0, 1)). Suppose we know B = 1, %3D %3D O a. 1- P(Z -0.64) O b. 1- P(Z > 1.64) O c. P(Z 2 -0.64) O d. None of the other options is correct. e. P(Z 2 1.64)
Transcribed Image Text:Let wages denote a person's hourly wages and edu denote their years of education. Suppose that wages = B1 + fzedu + B3edu? + e and that e is normally distributed with mean zero and variance one (so e~ B2 = 0.2, B3 = -0.01, and we observe an individual with 16 years of education. What is the probability that her wages are larger than one? In the options below, Z N(0, 1). N(0, 1)). Suppose we know B = 1, %3D %3D O a. 1- P(Z -0.64) O b. 1- P(Z > 1.64) O c. P(Z 2 -0.64) O d. None of the other options is correct. e. P(Z 2 1.64)
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