Years of Schooling (EDUC) Is Regressed on Number of SIBLINGS

question 4

Multiple Choice

Years of schooling (EDUC) is regressed on number of SIBLINGS. The resulting regression equation is EDUC = 16 − 1.00(SIBLINGS) . Someone with three siblings would be predicted to get how many years of schooling?

• A) 13
• B) 15
• C) 16
• D) 17

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Definitions:

Charitable Contribution

Donations made to qualified organizations that may be tax-deductible for the donor.

Taxable Income

The amount of income that is subject to tax, after accounting for deductions and exemptions.

FMV

Fair Market Value; an estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller.

Schedule M-1

A tax form used by corporations to reconcile income reported on the company's financial statements with the income reported on the tax return.