PART 3 (10 points) (Use condo csv data file) A real estate agent wishes to determine the selling price of residences using the size (square feet) and whether the residence is a condominium or a single family home Fit a regression model to predict the selling price for residences and provide the regression equation Interpret the parameters 1 and 2 in the model given in part (a) Fit a new regression model now including the interaction term x1 x2 and provide the regression equation Describe what including this interaction term accomplishes Conduct a test of hypothesis to determine if the relationship between the selling price and the square footage is different between condominiums and single family homes

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Question: PART 3 (10 points) (Use condo.csv data file) A real estate agent wishes to determine the selling price of residences using the size (square feet)

PART 3 (10 points)

(Use condo.csv data file) A real estate agent wishes to determine the selling price of residences using the size (square feet) and whether the residence is a condominium or a single- family home.

Fit a regression model to predict the selling price for residences and provide the regression equation.
Interpret the parameters ₁ and ₂ in the model given in part (a).
Fit a new regression model now including the interaction term x1* x2 and provide the regression equation.
Describe what including this interaction term accomplishes.
Conduct a test of hypothesis to determine if the relationship between the selling price and the square footage is different between condominiums and single-family homes.

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