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1.The regression result is as follow: Number of obs=88 F(2,85)=27.25 Prob>F=0.0000 R-squared=0.6319 Root MSE=63045 Price Coef. Robust Std.Err T P>|t| [95% Conf. Interval] rooms 15198.19

1.The regression result is as follow:

Number of obs=88

F(2,85)=27.25

Prob>F=0.0000

R-squared=0.6319

Root MSE=63045

Price

Coef.

Robust

Std.Err

T

P>|t|

[95% Conf.

Interval]
rooms 15198.19 8943.735 1.70 0.093 -2584.349 32980.73
sqfeet 128.4362 19.59089 6.56 0.000 89.48427 167.3882
_cons -19315 41520.5 -0.47 0.643 -101868.9 63238.89

where 'price' is a price of housing (a dependent variable), 'rooms' is a number of rooms, and 'sqfeet' is a house size in square feet.

1.1 Write liner regression equation.

1.2 Are the coefficients of independent variables (Xi) statistically significant at 95% confident interval, using T-test.

1.3 Interpret the estimated R-square

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