y^f=7+0.79x0 (Round your answer to trio decimal places.) In this case, the direction of the omitted variatle tias is Assume a fether's weight is conelated with his years of eduction, but is not a deteminat dithe chlils years of formal education. Which of the following statements describes the consequences of omiting the fathers waight from the above regescion? A. It will result in omitted variable bias the father's weight is a determinant of the dependent variatilo. B. It will not result in omitted variable bias because the omilled variatle, whight, is unconelated with the regessof. C. It will result in omitted variable bias because the omitited variable, whight, is comelated with the fathero years of edvertion. y^f=7+0.79x0 (Round your answer to trio decimal places.) In this case, the direction of the omitted variatle tias is Assume a fether's weight is conelated with his years of eduction, but is not a deteminat dithe chlils years of formal education. Which of the following statements describes the consequences of omiting the fathers waight from the above regescion? A. It will result in omitted variable bias the father's weight is a determinant of the dependent variatilo. B. It will not result in omitted variable bias because the omilled variatle, whight, is unconelated with the regessof. C. It will result in omitted variable bias because the omitited variable, whight, is comelated with the fathero years of edvertion