b) We conduct a simple regression of size on hhinc. The regression output is reported in Table 1. Interpret the sign and magnitude of the estimated coefficients. Is the sign of the estimated...

1b

Extracted text: b) We conduct a simple regression of size on hhinc. The regression output is reported in Table 1. Interpret the sign and magnitude of the estimated coefficients. Is the sign of the estimated coefficient of hhinc in line with your answer to a)? Table 1 regress size hhinc Source SS df MS Number of obs 5,407 F(1, 5405) 1613.34 Model 263141566 1 263141566 Prob > F 0.0000 Residual R-squared %3D Adj R-squared %3D Total 1.1447e+09 5,406 211749.457 Root MSE size Coefficient Std. err. P> |t| [95% conf. interval] hhinc .0082545 .0002055 40.17 0.000 .0078516 .0086574 _cons 800.9835 9.404917 85.17 0.000 782.5461 819.4209