Thank you! 2) Suppose you collect data on the average labor force participation

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Thank you!

2) Suppose you collect data on the average labor force participation rate by age among U.S. males between 16 and 55 in 2002. The scatterplot obtained looks like: Labor Force Participation Rate Age (Years) 16 20 25 30 35 40 45 50 55 .5 .55 .6 .65 .7 .75 .8 .85 You use the data to estimate the econometric model: LF Pi = 0 + 1AGEi + i, obtaining the following results: LF Pi = 0.733 (0.041) 0.001 (0.001) AGEi where the numbers in parentheses are standard errors. What seems wrong or misleading about these results?

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Thank you! 2) Suppose you collect data on the average labor force participation

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