TABLE 15-3 In Hawaii, condemnation proceedings are under way to enable private citizens to own the property that their are built on. Until recently, only estates were permitted to own land, and homeowners leased the land from the e new law, a large Hawaiian estate wants to use regression analysis to estimate the fair market value of the land. The following model was fit to data collected for n 20 properties, 10 located near a cove. of which are where Y = Sale price of property in thousands of dollars X1 Size of property in thousands of square feet X2-1 if property located near cove, 0 if not Using the data collected for the 20 properties, the following partial output obtained from Microsoft Excel is shown: SUMMARY OUTPUT Regression Statistics Multiple R R Square Standard Error 9.5 Observations 20 0.985 0.970