Question 1 1 0 out of3 points ff}. Consider the following Stata regression output (IDMCS) I Source 55 df MS Number of obs = 935 F(1, 933) = 111.79 Model 16346644.5 1 16346644.5 Prob > F = 6.6666 Residual 136375524 933 146168.836 RSquared = 6.1676 Adj R-squar'ed = 6.1660 Total 152716168 934 163567.675 Root MSE = 382.32 wage Coefficient Std. err. t P>|t| [95% conf. interval] 66.21428 5.694982 16. 57 6.666 49. 63783 71.39674 146.9524 77.71496 1.89 6.659 5. 56393 299.4688 educ _cons where wage is monthly wage in US$ and educ is years of education. What is the predicted effect of a 5 year increase of education on wage? Selected Answer: 0 458.0238 Correct Answer: 0 301.0714 Answer range +/- 2 (299.0714 - 303.0714) Response The education coefcient shows the predicted effect of a one year increase in Feed back: education. To get at the predicted effect of a 5 years increase, you need to multiply this coefcient by 5