5.242The following regression shows the impact of the number of rooms (ROOM) on themonthly rent of an apartment (in thousand Rands) (RENT) from a sample of 42 randomlychosen apartments in Parow:Dependent Variable: RENTVariableCROOMr-square: 0.7180Parameter-0.77052.1331SE of regression: 2.3397Std. Error0.82330.2114sample size = 42What will be values of the parameters, variance and standard errors of theparameters, estimated variance of error terms, coefficient of determination andcorrelation coefficient, if RENT is measured in Rands and there is no change tothe unit of measurement of the ROOM variable?

Answered: Image /qna-images/answer/a2052b6b-5eb1-4af8-a690-96715d13ca7c.jpg

Answered: 5.2 42 The following regression shows…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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