A survey of recently sold single-family houses in a small city is selected. The houses in the city were reassessed 6-months prior to the study. Develop a model to predict the selling price (in...

A survey of recently sold single-family houses in a small city is selected. The houses in the city were reassessed 6-months prior to the study. Develop a model to predict the selling price (in thousands of dollars), using the assessed value (in thousands of dollars), as well as the time period when sold (in months since reassessment). Use the results in the file Housing for your analysis.

(a) Is there multi collinearity?

(b) Determine whether there is a significant relationship between selling price and the two dependent variables (assessed value and time period) at the 0.05 level of confidence.

(c) Determine the adjusted