1. Do you prefer the regression in (4) to the regression in (3)? Explain.

3.

Call: Im(formula = In(ahe) ~ age + female + bachelor, data = df) Residuals : Min 10 Median 30 Max -2.5980 -0.2878 0.0078 0.3008 2.0631 Coefficients: Estimate Std. Error t value Pr(>Itl) (Intercept) 2.027359 0. 059245 34.22 Itl) (Intercept) 0.32325 0. 19608 1. 649 0. 0993 In(age) 0. 71537 0. 05784 12.368 time