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You are interested in determining the factors that determine the wealth of a pe...
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You are interested in determining the factors that determine the wealth of a person and assume that the age of a person may have a non-linear effect on wealth. You run the following regression:
Y = β0 + β1X1 + β2X2 + β3
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+ β4X3 + ε where Y is the total wealth and X2 is the person's age. What would be your H0 regarding β2 and β3?0%
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100%