(Data file: Min n Land) This is a continuation of Another variable in the Min n Land data is the type of financing for the sale, a factor with levels seller_ financed for sales in which the seller...

(Data file: Min n Land) This is a continuation of Another variable in the Min n Land data is the type of financing for the sale, a factor with levels seller_ financed for sales in which the seller provides a loan to the buyer, and title_ transfer in which financing of the sale does not involve the seller.

Add the variable financing to model (b) in and obtain and interpret a 95% confidence interval for the effect of financing.

Comment on each of the following statements:

1. Seller financing lowers sale prices.

2. Seller financing is more likely on lower-priced property transactions.