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You are a new hire at Laurel Woods Real Estate, which specializes in selling foreclosed homes vio public auction, Your boss has asked you to
You are a new hire at Laurel Woods Real Estate, which specializes in selling foreclosed homes vio public auction, Your boss has asked you to use the foliowing data (mortgage balance, monthly payments, payments made before default, and final auction price) on a random sample of recent sales to estimate what the actual auction price will be. Add a new variable that desctibes the potential interaction between the loan amount and the number of payments made. Then do a test of hypothests to check if the interaction is significant. Click here for the Excel Data File Determine the regression equation (Negative amounts should be indicated by a minus sign. Round your answers to 3 decimal pleces.) Complete the following table. (Leave no cells blank - be certoin to enter " 0 " wherever required. Negative amounts should be indicated by o minus sign. Round your answers to 3 decimal places.) Compute the t value corresponding to the interaction term. (Negotive amount should be indicated by o minus sign. Round your onswer to 2 decimal places.) Do a test of the nult hypothesis to check if the interaction is significant (Use the 0.05 significance level)
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