Question: Use the data md.xls to do data analysis. 1. Import the data md.xls to python with data name mdata. Check that you get the correct

Use the data "md.xls" to do data analysis.

1. Import the data md.xls to python with data name "mdata". Check that you get the correct data using print(mdata.head()), and draw a scatter plot of area and price.

2.Run multiple ols with the dependent variable price and two independent variables area, educ. Show a screenshot of your OLS result.

3. From the regression outcome, what is the effect of the area of an apartment on the apartment price? Specify the hypothesis, your test results, and your conclusion.

4. From the regression outcome, what is the effect of the owner's education level on the apartment price? Specify the hypothesis, your test results, and your conclusion.

5. What is the R-square of this regression? What does it mean?

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