While you're welcome to rescale the old fashioned way (with fractions), R makes things easer. Simply create a new variable that equals the old variable times an adjustment (e.g., price in dollars = euro*RATE)
Rescaling is a process used in data preprocessing to transform numerical variables to a different scale. For example, we may convert dollars to euros to explains something to a colleague in Germany.
We'll talk about many types of rescaling and data transformation throughout the class. For example, Normalization or standardization are types of rescaling that transform numerical variables to a common scale.
For example, if 4 eggs cost $2, 12 eggs cost $5, and 24 eggs costs $11, we could calculate the price per egg to make sure we're getting the best deal.