We who educate would like to believe that people who have more education are more likely to
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We who educate would like to believe that people who have more education are more likely to do well professionally and financially. Fortunately, we have a number of surveys with real data to confirm our beliefs. Analyze the relationship between years of education (EDUC) of the head of middle-class households and income (INCOME).
a. Is there enough evidence to conclude that more education is related to more income?
b. Estimate the marginal change in income for each additional year of education.
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a H 0 1 0 H 1 1 0 t 1240 pvalue 0 There is enough evidence ...View the full answer
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