Question: 1Describe the general steps in performing a randomized experiment. How does randomization help to address endogeneity? 2 In one sentence each, describe how to interpret

1Describe the general steps in performing a randomized experiment. How does randomization help to address endogeneity?

2 In one sentence each, describe how to interpret the coefficient 1 in each of the following regression estimates:

i.) log(Income) = 0 + 1YearsOfSchooling

ii.) log(Income) = 0 + 1log(YearsOfSchooling)

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