Suppose you are interested in studying the relationship between education and wage. More specifically, suppose that you beleve the relationship to be captured by the following linear regression model, Wage o P Education+ u Suppose further that you estimate the unknown population linear regression model by OLS. What is the difference between , and ,? OA A, is a true population parameter, the slope of the population regression line, while , is the OLS estimator of O B. 6, is a true population parameter, the slope of the population regression line, while , is the OLS estimator of O C. Both, and , are OLS estimators of true parameters of the population regression line.

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Suppose you are interested in studying the relationship between education and wage. More specifically, suppose that you beleve the relationship to be captured by
the following linear regression model,
Wage = o *P, Education + u
Suppose further that you estimate the unknown population linear regression model by OLS.
What is the difference between , and ,?
O A. A, is a true population parameter, the slope of the population regression line, while , is the OLS estimator of p,
O B. B, is a true population parameter, the slope of the population regression line, while , is the OLS estimator of
OC. Both, , and , are OLS estimators of true parameters of the population regression line.
OD. Both, A, and , are true parameters of the population regression line.
Transcribed Image Text:Suppose you are interested in studying the relationship between education and wage. More specifically, suppose that you beleve the relationship to be captured by the following linear regression model, Wage = o *P, Education + u Suppose further that you estimate the unknown population linear regression model by OLS. What is the difference between , and ,? O A. A, is a true population parameter, the slope of the population regression line, while , is the OLS estimator of p, O B. B, is a true population parameter, the slope of the population regression line, while , is the OLS estimator of OC. Both, , and , are OLS estimators of true parameters of the population regression line. OD. Both, A, and , are true parameters of the population regression line.
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