Question
Consider how education is related with parental income for adult daughters and adult sons. Let x i be parental income in thousands of dollars and
Consider how education is related with parental income for adult daughters and adult sons. Let xi be parental income in thousands of dollars and yi be years of education. Define soni to be 1 for sons and zero otherwise. This equation describes the relationship: yi = 11.005 + 0.006xi? 0.793soni+ 0.003(xi*soni). Supposing that parental income ranges between zero and two hundred thousand dollars, draw ONE fully labelled graph showing the relationship between education and income separately for daughters and sons. Answer with ONE fully labelled graph.
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