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  3. 1 assume that you plan on estimating the following regression...

Question: 1 assume that you plan on estimating the following regression...

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1. Assume that you plan on estimating the following regression kids 2.28-0.98educu where kids is number of kids in the family, educ is years of education, and u is the unobserved error. (a) (10 points) What is the interpretation of the intercept? (b) (10 points) What is the interpretation of the coefficient on educ?

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