1.You are interested in evaluating whether GSU should have more tutors in the studentsuccess center. As one consideration, you would like to compare earnings 5 years aftergraduation for studentswho did and did not attend tutoring. Construct the panel modelusing 4 major variables (as the independent and controls, besides your fixed effects),interpretyour model.

2.Come up with an omitted variable for your model, explain how can that impact yourresults.

3.How does the fixed effect model work? Discuss the pros and cons of using fixed effects.Whatis an alternative and equivalentapproachfor fixedeffect(if there is)?

4.Now, if you are trying to measure the causal effect of internships (using you constructedmodel),what variables in your regression mightbe abadcontroland why?

5.Assume that the wages are measured with errors, but that the errors are not correlatedwith other variables in the model. Would that bias your results? What if you have ameasurement error in your explanatory variable, how does that change yourinterpretation?

6.Ifyou havean outlier, what isthethreat,and howdo you treatit?

7.Condition your analysis on the certain covariate (like, parents' income, be creative),explainthe reason of that, discussthe potential concerns.