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Answer:
Based on expert opinion the regression does not suffer from omitted variable bias
Step-by-step explanation:
<em>Based on expert opinion the regression does not suffer from omitted variable bias </em>because its indicators taking values of 1 and 0 where 1 would represent taking action by the legal system and 0 would represent not taking action by the legal system. as
The researcher plans to regress national income per capita based on the effect of the legal system
applying the formula for addressing omitted variable bias ( attached below )
Answer:
Step-by-step explanation:
Let the equation of line is , where
is the slope of the line.
It passes through .
(<em>Slope of the line</em> joining )
Hence slope of the given line
Equation of line is:
The line passes through
Check if is on the line
Hence line passes through .
Check if is on the line
Hence line passes through .