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Derivatives and Related Subjects (20 Points) 1. Use the equation to answer the following questions. In (LifeExpectancy) = Bo + Biln (CigarettesSmoked) + Bz(Income) +

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Derivatives and Related Subjects (20 Points) 1. Use the equation to answer the following questions. In (LifeExpectancy) = Bo + Biln (CigarettesSmoked) + Bz(Income) + u a. (3 Points) Describe what B, and B2 mean. b. (2 Points) What is B1 equal to? c. (5 Points) Does the specification make sense? If not, correct it. Why did you think it did not make sense

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