QUESTION $1$

Consider the following regression model:

Price $={}_1+{}_{2}Sqft+{}_3$ Utown $+{}_4$ Age $+{}_5$ Fireplace $+{}_6$ Pool $+{}_7$ Twostory $+{}_i$

Where:

Price $=$ house price $($$$1000)$

Size $=$ size of the house $(100$ squarefeet$)$

Utown $=1$ if the house is close to the university

Age $=$ age of the house years