(10) Suppose the corruption measure was flipped.
That is, the least corruption possible is rated a 10, and the highest
corruption level is zero.
Argentina, for instance, was originally 8, is now
Australia was originally 1.3, and is now 8.7.
Describe how this will change the slope, and intercept of your regression from above.
If you can do this without recalculating
the whole regression, that would be prefered. [To start, write out a simple formula to describe this transformation.
the transformed variable to the slope/intercept formulas for the regression.]
AT LEAST SOME OF THE MATH.
BUT GIVE 8 POINTS FOR MORE “INTUITIVE” EXPLANATIONS ON THIS
If independent, then C is the “X” variable in the regression.