[See Solution] Consider the savings function sav;=β_0+β_1 \text inc +u where u=√text inc e and e is a random variable with mean 0 and variance
Question: Consider the savings function
\[\operatorname{sav}=\beta_{0}+\beta_{1} \text { inc }+u\]where \(u=\sqrt{\text { inc }} e\) and \(e\) is a random variable with mean 0 and variance \(\sigma_{e}^{2}\). Assume that \(e\) is independent of inc.
Deliverable: Word Document 
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