Answer:
d. May result in the TSLS being inconsistent in large samples
Step-by-step explanation:
Two-stage least squares (TSLS), regression analysis is a statistical technique that is used for two distinct stages of variables regression, so, when there are more relevant instruments than required, is like having a larger sample size in that the more information is available for use in the Instrumental Variables regression (IV).
Answer:
therefore ned spent 1 hour and 10 minutes completing the race.
