Questions 1. (5 points) Summarize and describe “log(wage)" and "fathereduc;" variables. Make a scatter plot of "log(wage

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Questions 1. (5 points) Summarize and describe “log(wage)" and "fathereduc;" variables. Make a scatter plot of "log(wage

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Questions 1 5 Points Summarize And Describe Log Wage And Fathereduc Variables Make A Scatter Plot Of Log Wage 1
Questions 1 5 Points Summarize And Describe Log Wage And Fathereduc Variables Make A Scatter Plot Of Log Wage 1 (25.34 KiB) Viewed 90 times
Questions 1. (5 points) Summarize and describe “log(wage)" and "fathereduc;" variables. Make a scatter plot of "log(wage)" against "fathereduc;" with a linear fitted line. Then, calculate the correlation between them. 2. (5 points) Estimate coefficients of the following Model (1) and interpret them log(wage); = Bo + Bifathereduc; +ti (1)
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