Needle E A Real Estate Develeper Ls Lnterestetl In The Relatiartship Between The

please provide appropriate answer as it will be asked in exam for 8 to 10 marks.

needle" 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 ‘l’ ‘h:- where the dependent variable [i’] is the price at heuses [measured in thausands pfAustralian dallars]: the esplanatary variable [It] is: the distanee ta lite CED [measured inlain]; fin anti #1 are unknewh parameters: antl e is the disturbance tenn.The regressienresults are given in the fallen-ting Table. Table: Excel flutput for Linear Regression Hetlel Regressten Statistics W Standard Errar 1311313 [lbsenratians Hi StandardE’s eflieienss Err-er t 3th P—wlue m Distance .1435 3.01 B {Hill a] What are the 1«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 prediefien af abmre Table reliable? Explain.