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1. (5 points) Consider a dataset containing information on the prices unauthorized immigrants pay to person smugglers (coyotes) for assistance crossing the U.S.-Mexico border. The
1. (5 points) Consider a dataset containing information on the prices unauthorized immigrants pay to person smugglers (coyotes) for assistance crossing the U.S.-Mexico border. The data are used to estimate the following bivariate linear regression, analyzing how the price varies with the number of years of education of the unauthorized immigrant. price, = Bo + Bieducation; + e; The OLS estimates are: So = 5,063 and , = 767. Based on these findings, what would you expect to be the average price paid by an individual with 8 years of education
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