Question 1 1 pts A researcher has collected data on house prices and average income across 7 UK cities. They intend to estimate the equation Price = bo + b Income + ej. Using the data in Table 1 calculate the estimate for b1. Make a note of the estimate as you will need it in subsequent questions. Table 1: House Prices and Average Income City Price Income Birmingham 45 15 Bristol 67 24 Liverpool 28 9 9 Manchester 32 12 Chester 59 30 London 170 42 Edinburgh 69 31 1.347 0 0 1.247 1.447 1.547 1.647