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Suppose that a researcher, using data on the number of years of education a person has received and their annual earnings from 250 individuals,

Suppose that a researcher, using data on the number of years of education a person has received and their annual earnings fro

Suppose that a researcher, using data on the number of years of education a person has received and their annual earnings from 250 individuals, estimates the OLS regression: Earnings = 40.68 +1.58 Education, where Earnings is measured in thousands of dollars. If the number of years of education a person receives increases by three, on average, the annual earnings of the individual would by $. Note: Report answer in dollars.

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