Use the following information to answer Q7-Q9. A researcher runs the following hedonic model with the Eviews output presented below. log(selling price) = bo + b, log(SFLA) + b2BEDS + byBATHS + b4STORIES +byVACANT + b6Age +e (3) Dependent Variable: LOG(SELLING_PRICE) Method: Least Squares Date: 08/03/21 Time: 16:44 Sample: 1 6660 IF YEAR=2001 Included observations: 1746 Variable Coefficient Std. Error t-Statistic Prob. C 5.585555 0.167097 33.42708 0.0000 LOG(SFLA) 0.927219 0.026792 34.60855 0.0000 BEDS 0.070723 0.009522 -7.427548 0.0000 BATHS 0.033151 0.015441 2.146881 0.0319 STORIES -0.016338 0.015059 -1.084936 0.2781 VACANT 0.038751 0.011280 -3.435469 0.0006 AGE -0.004138 0.000264 -15.64540 0.0000 R-squared 0.708301 Mean dependent var 12.01860 Adjusted R-squared 0.707295 S.D. dependent var 0.372115 S.E. of regression 0.201323 Akaike info criterion -0.363815 Sum squared resid 70.48308 Schwarz criterion -0.341904 Log likelihood 324.6102 Hannan-Quinn criter. -0.355714 F-statistic 703.7708 Durbin-Watson stat 1.326302 Prob(F-statistic) 0.000000 Q7. Interpret the coefficient of LOG(SFLA) (i.e., log of the square foot living area). [2] Q8.State the independent variable whose estimate is not statistically significant at the 5% significance level. [2] Q9. What is the percentage difference of the property price that is vacant and occupied? [2]