Here is the hw question. "Suppose a new study tells you that parental income (growing up) is a key determinate of health. Another study, released around the same time finds income (growing up) is highly correlated with personal income. Given what we learned from the study, what conjectures can be made about the presence of bias on the coefficient associated with income?"
The value for the income coefficient in the model is -0.172298 and the dependent variable is Health Score of a Person. I conjectured this: "Would conjecture that if your parents had high income while you were growing up, that 1) you will most likely have higher income and 2) your health will likely be better." Is this correct or is there a better answer?