4Answer Question 15-26 based on the information below:Table 1 gives data on weekly consumption expenditure (Y - in dollars) and weekly familyincome (X - in dollars).15.16.CONFIDENTIAL17.18.19.20.21.23.24.A. 29520 and 260000B. 57200 and 550.6667C. 23.3333 and 420D. 15.3333 and 13026.What is the mean value of weekly consumption expenditure (Y) and weekly familyincome (X)?A. 0.0979B. 0.2415C. 2.6061D. 4.6515A. 0.0979B. 0.2415C. 2.6061D. 4.6515Y4781013What is the value of Ex² and Ey², given that x₁ = X₁ X while y₁=Y-Y?A. 29520 and 260000B. 57200 and 550.6667C. 23.3333 and 420D. 15.3333 and 130What is the value of Y and Σe, given that Y₁ = b₁ + b₂X, while e = Y₁-₁?A. 184 and 0B. 184 and 2.4149C. 15.3333 and 0D. 15.3333 and 2.4149A. 16.3124B. 18.27041517Based on the method of Ordinary Least Squares (OLS), what is the value of intercept(b₁)?1820222426A. 0.0021B. 0.0915C. 0.2415D. 0.3025Based on the method of Ordinary Least Squares (OLS), what is the value of slopecoefficient (b₂)?CONFIDENTIAL3/10B. 0.0915C. 0.2415D. 0.3025X20406080100120140160180200220240What is the predicted value of weekly consumption expenditure (1) when weeklyfamily income (X) is $200?C. 20.2284D. 22.1865What is the variance for the intercept (o,)?A. 0.0979 and 2.2280B. 2.6061 and 2.2280C. 8.6166 and 2.2280D. 47.6474 and 2.2280What is the standard error for the slope coefficient (o)?A. 0.00214/10BT22203What is the estimated variance (82) and standard error (a) of the residual?A. 0.0021 and 0.4914B. 0.0915 and 7.1322C. 0.2415 and 0.4914D. 0.3025 and 7.132225. Based on two-tail test of significance, what is the value of t-statistics and t-critical forb₂ at 5 percent significance level?BT22203A. Yes, because absolute value of t-statistics is larger than t-criticalB. Yes, because absolute value of t-statistics is smaller than t-criticalAt 5 percent significance level, does weekly family income (X) is statistically significantin explaining the movement of weekly consumption expenditure (Y).C. No, because absolute value of t-statistics is larger than t-criticalD. No, because absolute value of t-statistics is smaller than t-critical

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MATLAB: An Introduction with Applications

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15. What is the mean value of weekly consumption expenditure (Y) and weekly family income (X)? A. 29520 and 260000 B. 57200 and 550.6667 C. 23.3333 and 420 D. 15.3333 and 130