It seems obvious that for people who take out student loans more years of education lead to
Question:
It seems obvious that for people who take out student loans more years of education lead to larger student debt.
a. Conduct a test to determine whether there is a positive linear relationship between years of education (EDUC) and total value of student loans (EDN_INST).
b. Estimate the marginal increase in student debt for each additional year of education.
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