You are a real estate broker who wants to compare property values in Glen Cove and Roslyn (which are located approximately 8 miles apart). Use the data in GCRoslyn. Make sure to include the dummy variable for location (Glen Cove or Roslyn) in the regression model.
a. Develop the most appropriate multiple regression model to predict appraised value.
b. What conclusions can you reach concerning the differences in appraised value between Glen Cove and Roslyn?