Explain the similarities and differences between simple linear regression and multiple regression.

Econ 225: Ex. You have 12 shirts in your closet. 9 White shirts, 3 Black shirts. Suppose you pick a shirt at random. Put it on, when you get home you take it off and wash it. Suppose you do the same thing the next day, without replacing the first shirt. What is the probability that both shirts you picked out are white Day 1: P(Picking a white shirt)= 9/12 (9 white shirts/...