Question: (d) Eliminating the Size and Dlibart variables from your regression, the estimation regression becomes = 5,450.35 + 3,538.84 Reputation + 10,935.70 Dpriv - 2,783.31 Dreligion

(d) Eliminating the Size and Dlibart variables from your regression, the estimation regression becomes

= 5,450.35 + 3,538.84 Reputation + 10,935.70 Dpriv - 2,783.31 Dreligion;

= 0.72, SER = 3,792.68

Why do you think that the effect of attending a private institution has increased now?

(e) What can you say about causation in the above relationship? Is it possible that Cost affects Reputation rather than the other way around?

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