Question: You estimate Y equals beta subscript 0 plus beta subscript 1 x subscript i space plus ,but believe there is an omitted variable.You have been

You estimate Y equals beta subscript 0 plus beta subscript 1 x subscript i space plus ,but believe there is an omitted variable.You have been given the (impossible) knowledge that sigma subscript = 56, sigma subscript X = 56, and cov(X, e) = -0.28, can you calculate the bias?

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