I've noticed that when standardizing or centering the regressor(s), the p value for the intercept becomes smaller. Does this always happen? If so, why?
I know that $$ var(\hat{\beta}) = \sigma^2(X^TX)^{-1} $$
and that the t-stat is
$$ t_i = \frac{\hat{\beta}_i}{SE(\hat{\beta}_i)} $$
I can't tell from this general equation, nor the ones for simple linear regression found in https://en.wikipedia.org/wiki/Simple_linear_regression why the $t_i$ will increase and thus result in a reduction in the p-value.