# needle e A real estate develeper ls lnterestetl in the relatiartship between the price efheuses in Melhsurne and their distance tn the CHI]….

needle&quot; e A real estate develeper ls lnterestetl in the relatiartship between the price efheuses inMelhsurne and their distance tn the CHI]. Ustng data selleeted from real estate agents, he perferrnetl the fallewing simple linear regr’essipn made]:13231: +ljltxt Ã¢â‚¬Ëœl’ ‘h:- where the dependent variable [iÃ¢â‚¬â„¢] is the price at heuses [measured in thausands pfAustralian dallars]: the esplanatary variable [It] is: the distanee ta lite CED [measured inlain]; Ã¯Â¬Ân anti #1 are unknewh parameters: antl e is the disturbance tenn.The regressienresults are given in the fallen-ting Table. Table: Excel Ã¯Â¬â€šutput for Linear Regression Hetlel Regressten Statistics W Standard Errar 1311313 [lbsenratians Hi StandardE’s eÃ¯Â¬â€šieienss Err-er t 3th PÃ¢â‚¬â€wlue m Distance .1435 3.01 B {Hill a] What are the 1Ã‚Â«ralnes are and B? b] What is the interpretatian el’the nee parameter estimates? Be the]: eerrespend tayear expectation? e] What are the predicted prlees lbr a hnuse in Burwaed. which is 15 ltm item the CBDand a heuse In H rrs Glen. Which is W ltm Item the CED? Are these predictiens reliable? d] Is thls predieÃ¯Â¬Âen af abmre Table reliable? Explain.

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