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Mathematics, 28.08.2020 05:01 adlytle6506

Given the following estimated regression, please give the correct magnitude of the coefficients, and provide a one sentence interpretation of the relationship between Y and X as talked about in class Wage = 15.00 + 0.28-YrsEdu. Where Wage is currently in dollars, and YrsEdu. are in years. A) Suppose we want Wages to be in thousands of dollars instead of dollars. B) Suppose we want Yrsedu. to be in terms of weeks instead of years. C) Suppose we want Wages to be in hundreds of dollars AND YrsEdu. in days (given that a year of education is only 180 days).

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Given the following estimated regression, please give the correct magnitude of the coefficients, and...
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