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You are a new hire at Laurel Woods Real Estate, which specializes in selling foreclosed homes via public auction. Your boss has asked you to use the following data (mortgage balance, monthly payments, payments made before default, and final auction price) on a random sample of recent sales in order to estimate what the actual auction price will be. Add a new variable that describes the potential interaction between the loan amount and the number of payments made Payments Made Auction Price $32,100 S 85,618 110,697 111,155 92,939 1,055.31 981.95 754.28 871.65 890.78 40,700 63,100 104,400 113,800 116,400 100,000 105,200 105,900 94,700 105,600 104,100 85,700 113,600 119,400 1,075.54 1,087.16 900.01 883.11 915.24 905.67 810.70 891.33 864.38 1,074.73 871.61 1,021.23 836.46 1,058.37 42,700 104,500 ata Determine the regression equation. (Round your answers to 3 decimal places. Negative amounts should be indicated by a minus sign.) Complete the following table. (Round your answers to 3 decimal places. Leave no cells blank be certain to enter O wherever required. Negative amounts should be indicated by a minus sign.) p-value Monthly Payment Payments Made (Loan) (Payments Made) Compute the t-value corresponding to the interaction term. (Round your answer to 2 decimal places. Negative amount should be indicated by a minus sign.) Do a test of the null hypothesis to check if the interaction is significant. (Use the 0.05 significance level.) so we conclude that there is

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