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vii. Add the two college tuition variables to the regression from part (iv) and determine whether they are jointly statistically significant. A: viii. What is
vii. Add the two college tuition variables to the regression from part (iv) and determine whether they are jointly statistically significant.
A:
viii. What is the correlation between tuit17 and tuit18? Explain why using the average of the tuition over the two years might be preferred to adding each separately. What happens when you do use the average?
A:
ix. Do the findings for the average tuition variation in part (vii) make sense when interpreted causally? What might be going on?
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