Annual income, in dollars, is an explanatory variable in a regression analysis. For a British version of
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Annual income, in dollars, is an explanatory variable in a regression analysis. For a British version of the report on the analysis, all responses are converted to British pounds sterling (1 pound equals about 1.33 dollars, as of 2016).
(a) How, if at all, does the slope of the prediction equation change?
(b) How, if at all, does the correlation change?
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