Question

Note that the 5% critical value for the t distribution with df larger than 120 is...

Note that the 5% critical value for the t distribution with df larger than 120 is between 1.658 and 1.645. The t statistic on experience 2.4 in the regression (with n=526) of lwage on education, experience and tenure. Therefore if I was doing 5% level of significance test of the null that the population coefficient on experience vs the alternative that the coefficient is positive then what would be my decision?

a. Reject the null hypothesis

b. Accept the null hypothesis c

c. Not sure since we do not know the exact critical value

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