Consider the estimated equation (standard errors in parentheses): j = 15.83 + 0.829x %3D If all values of x were divided by 20 before estimating, the estimated equation would be: y = 15.83 + 0.041x %3D j = 0.792 + 0.041x y = 316.6 + 16.58x %3D j = 15.83 + 16.58x %3D

Consider the estimated equation (standard errors in parentheses): j = 15.83 + 0.829x %3D If all values of x were divided by 20 before estimating, the estimated equation would be: y = 15.83 + 0.041x %3D j = 0.792 + 0.041x y = 316.6 + 16.58x %3D j = 15.83 + 16.58x %3D

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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