Question: In Problem 3.3 of Chapter 3, we estimated an equation to test for a tradeoff between minutes per week spent sleeping (sleep) and minutes per

In Problem 3.3 of Chapter 3, we estimated an equation to test for a tradeoff between minutes per week spent sleeping (sleep) and minutes per week spent working (totwrk) for a random sample of individuals. We also included education and age in the equa¬tion. Because sleep and totwrk are jointly chosen by each individual, is the estimated tradeoff between sleeping and working subject to a "simultaneity bias" criticism? Explain.

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