Question: 8. Rick has been looking at a pretty house within walking distance of campus. Unfortunately, the owner of the house has been asking a price

 8. Rick has been looking at a pretty house within walking

8. Rick has been looking at a pretty house within walking distance of campus. Unfortunately, the owner of the house has been asking a price that seems unusually high and has been arguing that homebuyers in the Piedmont community are willing to pay at least $20,000 extra to live within walking distance of campus. Does the regression provide convincing evidence to refute the owner's argument? Test at the 1 percent level. Show all relevant calculations, draw a picture. and explain how you reached your conclusion. Give your conclusion in terms of the statement of the problem. What is the prob-value for the test

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