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Given Incomei = 10 + 1

Question 4

Multiple Choice

Given Incomei = 10 + 1.5Agei + ei, interpret the model


A) A one year increase in age is expected to lead to a 1.5 increase in income
B) A 1.5 increase in age is expected to lead to a 1 increase in income
C) A 1.5 increase in income is expected to lead to a 1 unit increase in age
D) Income is 10

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