[bl [Cl (d) {e} 21.0 Distance to Airport (2-9) 43.9 Distance to beach (23) Observations 503 503 R squared 0.029 11372 * Numbers in brackets below coefficient estimates are standard errors. How would you interpret the regression estimates for the parameters in Model 1? Explain why your friend found these results to be unexpected. Explain why the results in Model 1 are unreliable as a basis for determining the impact on housing prices of being located under the flight path. Which of the assumptions associated with simple linear regression has clearly been violated in Model 1? Write a brief description of the results for Fiightpath in Model 2 in terms of the parameter estimate, its interpretation, and its statistical significance. Interpret the overall fit of Model 2. Use Model 2 to predict the average house price for the suburb of Randwick, which is 5.21 kms from the CED, 1.78 kms from the beach, 5.62 kms from the airport and is not deemed to be under the flight path