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Parents income and student loans

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Parents' income and student loans. How well does the income of a college student's parents predict how much the student will borrow to pay for college? We have data on parents' income and college debt for a sample of 1200 recent college graduates. What are the explanatory and response variables? Are these variables categorical or quantitative? Do you expect a positive or a negative association between these variables? Why?

Reference no: EM131744856

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