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Home Q & A Board Biology-Related Homework Help Medicine Medical Administration
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qwertyup23 qwertyup23
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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?
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Amberalmonte3Amberalmonte3
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6 years ago
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qwertyup23 Author
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6 years ago
Smart ... Thanks!
jaray75
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Yesterday
Thank you, thank you, thank you!
TheMoffattMan
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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