× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Biology-Related Homework Help Medicine Medical Administration
New Topic  
qwertyup23 qwertyup23
wrote...
Go to Answer
Posts: 652
Rep: 0 0
6 years ago
Given the amount of money and effort that you have spent on your education, you wonder if it was (is) all worth it.
 
  You therefore collect data from the Current Population Survey (CPS) and estimate a linear relationship between earnings and the years of education of individuals. What would be the effect on your regression slope and intercept if you measured earnings in thousands of dollars rather than in dollars? Would the regression R2 be affected? Should statistical inference be dependent on the scale of variables? Discuss.
  What will be an ideal response?
Read 128 times
1 Reply
Replies
Answer verified by a subject expert
Amberalmonte3Amberalmonte3
wrote...
#1
Top Poster
Posts: 677
Rep: 6 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
This verified answer contains over 100 words.
1

Related Topics

qwertyup23 Author
wrote...

6 years ago
Thank you, thank you, thank you!
deathDoUsPart
wrote...

Yesterday
Brilliant ツ
DragonHeart
wrote...

2 hours ago
You make an excellent tutor!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1153 People Browsing
 144 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 274
  
 1182
  
 297
Your Opinion
What's your favorite funny biology word?
Votes: 328
Previous poll results: Which 'study break' activity do you find most distracting?