Use the Home Price.xIsx data to run the following model and answer questions 1-4: In(price;) = Bo + B1 * In(sqft;) + B2 = RR; + u; (where RR; stands for \"recently renovated) 1. What percent change in price is associated with a home having been recently renovated (per your output from the above model)? 2. What percent change in price is associated with a 3% increase in a home's square footage (per your output from the above model)? 3. Is the estimated effect of a recent renovation statistically significant for alpha = 0.05? 4. The estimated coefficient 5, will tell you... a. The estimated dollar change in sales price resulting from a 1% increase in a home's square footage. b. The estimated percent change in sales price resulting from a 1 square foot increase in a home's square footage. The elasticity of a home's sales price with respect to its square footage. d. None of the above. o