The following regression belongs to the analysis of self-reported happiness levels of a number. of adults on a scale of 0-100pts. The unit measure for the happiness level variable is points. The x variables are the age of the respondent, hours of work per day, minutes of meditation per day, whether the respondent is a gym-user or not, and whether the respondent recently experienced a major life event or not. The gym-user dummy variable is 1 if the respondent goes to the gym regularly. The major life event dummy variable is 1 if the respondent had a major life event recently. The only interaction variable is between minutes of mediation and gym-user. Which of the following is correct? There is a multicollinearity issue in this regression and an ideal solution to fix this issue would be to remove either Age or Major Life Event from the regression. We do not have enough information to know if there is a multicollinearity issue in this regression or not. There is no multicollinearity issue in this regression. There is a multicollinearity issue in this regression and an ideal solution to fix this issue would be to remove both Age and Major Life Event from the regression