II Analytical 3. Following is the regression output for a data from a random sample of high school seniors in- terviewed in 1980 and re-interviewed in 1986. In this exercise, we use these data to investigate the relationship between the number of completed years of education for young adults and the distance from each student's high school to the nearest four-year college. (Proximity to college lowers the cost of education, so that students who live closer to a four-year college should, on average, complete more years of higher education.) Below are the results of a regression of years of completed education (ED) on distance to the nearest college (Dist), where Dist is measured in tens of miles. (For example, Dist Dependent Variable: ED 2 means that the distance is 20 miles.) Sample: 1 3796 Method: Least Squares Included observations: 3796

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