Answered: Consider the equation from a previous…

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?

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.3: Logarithmic Functions

Problem 65SE: Refer to the previous exercise. Suppose the lightmeter on a camera indicates an EI of 2 , and...

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Question

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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