Consider the equation from a previous homework: INCOME = -1.5 + 1.2*AGE + ε Suppose income wasn't expressed in thousands of dollars but just in dollars. What would the coefficient for AGE be?
Consider the equation from a previous homework: INCOME = -1.5 + 1.2*AGE + ε Suppose income wasn't expressed in thousands of dollars but just in dollars. What would the coefficient for AGE be?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 1CGP
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Consider the equation from a previous homework: INCOME = -1.5 + 1.2*AGE + ε Suppose income wasn't expressed in thousands of dollars but just in dollars. What would the coefficient for AGE be?
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