17.16 GSS2012* How does the amount of education of one’s parents (PAEDUC, MAEDUC) affect your…

17.16 GSS2012* How does the amount of education of one’s parents (PAEDUC, MAEDUC) affect your education (EDUC)? a. Develop a regression model b. Test the validity of the model c. Test the two slope coefficients d. Interpret the coefficients17.17 GSS2012* What determines people’s opinion on the following question? Should the government reduce income differences between rich and poor (EQWLTH: 1 = Government should reduce differences; 2, 3, 4, 5, 6, 7 = No government action). a. Develop a regression analysis using demographic variables age, (AGE), education (EDUC), income (INCOME), and weekly hours of work (HRS1) b. Test the model’s validity c. Test each of the slope coefficients d. Interpret the coefficient of determination