Now say using the same dataset an analysis is done but using Euros as the unit of measurement of income, not US dollars (1 dollar=0.85 euros). Thus this model is all in units of measurement being euros for income. What happens to the slope estimate on Education? Will be larger. Will be smaller. Stays the same. Will be 0.
Now say using the same dataset an analysis is done but using Euros as the unit of measurement of income, not US dollars (1 dollar=0.85 euros). Thus this model is all in units of measurement being euros for income. What happens to the slope estimate on Education? Will be larger. Will be smaller. Stays the same. Will be 0.
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section: Chapter Questions
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