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...e for base year composite test score is 0.092 years per 1 mark. This means that when the bytest increases by 1 unit (1 mark) years of education increases by 0.092 years when setting all other variables to 0 or holding them constant. The estimated slope for family income is 0.367 years. This means that when the person being calculated has a family income greater than $25,000 per year, years of education completed increases by 0.367 years when setting all other variables to 0 or holding them constant. To show this, when inputting into the formula 0.367incomehi, incomehi will be replaced by 1 when family income is greater than $25,000 per year (or if less than $25,000 per year replaced by 0). The estimated slope for the family owning their home is 0.146 years. This means that when the person being calculated comes from a family that owns their own home, years of education completed increases by 0.146 years when setting all other variables to 0 or holding them constant. To show this, when inputting into the formula 0.146ownhome, ownhome will be replaced by 1 when the family owns their home (or if the family does not own their home replaced by 0). The estimated slope for the father being a college graduate is 0.570 years. This means that when the person being calculated has a father that is a college graduate, years of education completed increases by 0.570 years when setting all other variables to 0 or holding them constant. To show this, when inputting into the formula 0.570dadcoll, dadcoll will be replaced by 1 when the father is a college graduate (or if the father is not a college graduate replaced by 0). The estimated slope for the mother being a college graduate is 0.379 years. This means that when the person being calculated has a mother that is a college graduate, years of education completed increases by 0.379 years when setting all other variables to 0 or holding them constant. To show this, when inputting into the formula 0.379momcoll, momcoll will be replaced by 1 when the mother is a college graduate (or if the mother is not a college graduate replaced by 0). The estimated slope for the country’s unemployment rate in 1980 is 0.024 years per 1 percent. This means that when the unemployment rate increases by 1 unit (1 percent) years of education increases by 0.024 years when setting all other variables to 0 or holding them constant. This makes sense because when unemployment is down, education is cheaper causing more people to stay in school and complete more years. The estimated slope for the states hourly wage in manufacturing in 1980 is 0.050 years per wage. Thi...