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Question:
1. Is there a relationship between log (Wage) and Age? Compare your answer with graph (a) and identify the differences.
2. Explain how does using log (Wage) change the relationship between Wage and Age?
Attachment:- Graph 1.docx
For a given level of significance, if the sample size is increased: the power of the test will increase we will have more responses to log and calculate it will skew the mean to the right it has no effect on the direct results.
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