(iv) What percentage of the variation in price is explained by square footageand number of bedrooms?(v) The first house in the sample has sqrft 2,438 and bdrms 4. Find thepredicted selling price for this house from the OLS regression line.(vi) The actual selling price of the first house in the sample was $300,000(so price 300). Find the residual for this house. Does it suggest thatthe buyer underpaid or overpaid for the house?
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