Multiple Choice
Suppose we estimate a model in which salary in thousands of Euros is the dependent variable and years of education is the independent variable. We get a result that says Income-hat = 20 + 2 Years Education. Which of the following is correct:
A) Two years of education increases income by one.
B) An extra year of education is expected to increase income by 2.
C) An individual with 10 years of education is expected to have an income of 20.
D) The expected income for someone with 0 years of education is 2.
Correct Answer:
Verified
Correct Answer:
Verified
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