Suppose you run two regressions on data that are the same up to units:
1) Regression of wage (measured in dollars per hour) on years of education.
2) Regression of wage (measured in cents per hour) on years of education.

What is the relationship between the estimated coefficients in regressions 1) and 2)? Formally justify your answer.

Kapil needed to buy a long wooden beam. he went to two sawmills that each charge an initial fee plus an additional fee for each meter of wood. the following equation gives the price (in dollars) of a wooden beam from the first sawmill as a function of its length (in meters). p = 5+20xp=5+20x

According to the 2008 u.s. census, california had a population of approximately 4 × 10^7 people and florida had a population of approximately 2 × 10^7 people. which of the following is true? a. the population of florida was approximately two times the population of california. b. the population of florida was approximately twenty times the population of california. c. the population of california was approximately twenty times the population of florida. d. the population of california was approximately two times the population of florida.

Julie goes to the sports store and spends $40.50 before tax. she buys a pair of shorts for $21.75 and 3 pairs of socks that each cost the same amount. how much does each pair of socks cost? $$