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If the US Dollar Were Replaced with a "New Dollar" at an at an Exchange

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If the U.S. dollar were replaced with a "new dollar" at an exchange rate of 1 new dollar for 4 old dollars, then an hourly wage of $12 would become an hourly wage of 3 new dollars.


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Main Effects

Main effects refer to the individual impact of independent variables on a dependent variable in factorial design or analysis of variance (ANOVA).

Total Mean

The total mean is the average value calculated by summing all observations in a dataset and dividing by the total number of observations.

Notation

A system of symbols and abbreviations used to represent concepts, quantities, or operations, especially in mathematics and sciences.

Race

A categorization of humans based on shared physical or social qualities into groups generally viewed as distinct within a given society.

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