Question: Use the estimated regression equation and variable descriptions below to answer the following questions. Based on the estimated regression above, which of the following would
Use the estimated regression equation and variable descriptions below to answer the following questions. Based on the estimated regression above, which of the following would be the correct coefficient interpretation for the YrsEduc variable? Assume it is statistically significant at the 5% level. Question 14 options: As the average years of education increases by 1 year, socioeconomic status increases by 0.0251%, on average and all else constant. As the average years of education increases by 1 year, socioeconomic status increases by 2.51%, on average and all else constant. As the average years of education increases by 1%, socioeconomic status increases by 1.61%, on average and all else constant. As the average years of education increases by 1 year, socioeconomic status increases by 1.61%, on average and all else constant. As the average years of education increases by 1 year, socioeconomic status increases by 0.0161%, on average and all else constant
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