Question: Use the data in WAGE2.RAW for this exercise.

1. Consider the standard wage equation
   \[\log (\text { wage })=\beta_{0}+\beta_{1} e d u c+\beta_{2} \text { exper }+\beta_{3} \text { tenure }+u\]
   State the null hypothesis that another year of general workforce experience has the same effect on \(\log ( wage)\) as another year of tenure with the current employer.
2. Test the null hypothesis in part (i) against a two-sided alternative, at the \(5 \%\) significance level, by constructing a \(95 \%\) confidence interval. What do you conclude?

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