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2 Problem 2. (35 points) A researcher collects data to study the effect of some house characteristics on the sale price. The data include the following variables 0 ]p = log of the sale price of the house (in dollars) a 11 = log of the houses lot size (in square feet) 0 bdrms = the number of bedrooms in the house 0 fb = the number of full bathrooms in the house 0 drive = 1 if the house has a driveway 1. (24 points) nd the values of $1 :38 2. (5 points) If there is a house with 4000 square feet, 2 bedrooms, 1 full bathroom, and no driveway. What is your best estimate of the sale price? Be careful of the log. 3. (6 points) Can you test whether the number of bedrooms has a signicant effect on the sale price? How about the lot size? Be precise. . reg 1p 11 bdrms fb drive 114 12.40 0.0000 x3 0.2876 .23599 .5151244 .8210061 x8 .1893615 8.09764 Source SS df MS Number of obs = F(4, 109) = Model 2.76317178 \"2 .690792945 Prob > F = Residual 6.07026053 109 .055690464 Rsquared = Adj Rsquared = Total x1 113 .078171967 Root MSE = 1p Coef. Std. Err. t P>|t| [95% Conf. Interval] 11 x4 *5 6.26 0.000 .2673005 bdrms .3378938 .2437539 1.39 0.169 .1452185 fb .1371928 .0999759 x6 0.173 x7 drive .0575239 .0665186 0.86 0.389 .0743137 _cons 6.672119 .7192457 9.28 0.000 5.246597