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Price Sqft Beds Baths Col 840000 2768 4 3.5 1 822000 2500 4 2.5 1 713000 2400 3 3 1 689000 2200 3 2.5 1

Price Sqft Beds Baths Col
840000 2768 4 3.5 1
822000 2500 4 2.5 1
713000 2400 3 3 1
689000 2200 3 2.5 1
685000 2716 3 3.5 1
645000 2524 3 2 1
625000 2732 4 2.5 0
620000 2436 4 3.5 1
587500 2100 3 1.5 1
585000 1947 3 1.5 1
583000 2224 3 2.5 1
569000 3262 4 2 0
546000 1792 3 2 0
540000 1488 3 1.5 0
537000 2907 3 2.5 0
516000 1951 4 2 1
511000 1752 3 1.5 1
510000 1727 3 2 1
495000 1692 3 2 0
463000 1714 3 2 0
457000 1650 3 2 0
451000 1685 3 2 0
435000 1500 3 1.5 1
431700 1896 2 1.5 0
414000 1182 2 1.5 0
401500 1152 3 1 0
399000 1383 4 1 0
380000 1344 4 2 0
380000 1272 3 1 0
375900 2275 5 1 0
372000 1005 2 1 0
367500 1272 3 1 0
356500 1431 2 2 1
330000 1362 3 1 0
330000 1465 3 1 0
307500 850 1 1 0

A Realtor in Massachusetts is analyzing the relationship between the sale price of a home (in $), it's the square footage (in ft2), the number of bedrooms, the number of bathrooms, and a colonial dummy variable (colonial equals 1 if a colonial-style home; 0 otherwise). The relater collects data of 36 sales in Massachusetts for analysis. The attached file "Regression-Dataset2" contains the data.

1)Estimate the parsimonious linear regression model for the price. What is the intercept of the model? (Use Two decimals)

2)Estimate the parsimonious linear regression model for the price. What is the coefficient of the area (Sqft)? (Use Two decimals)

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