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The figure above provides regression estimation of a demand equation, where quantity (Q) is a function of the product's own price (P) and consumer income (M). Please refer to this figure to answer the questions below. What is the the standard error of the price coefficient (rounded to two decimal places)? OA. 7.79 OB. 0.79 OC. 1.27 O D. There is insufficient information to answer the question. OE. None of the above is correct. What is the t-statistic on the income coefficient (rounded to two decimal places)? OA. 0.02 OB. 54.08 OC. There is insufficient information to answer the question. OD. 0.91 OE. None of the above is correct.

The figure above provides regression estimation of a demand equation, where quantity (Q) is a function of the product's own price (P) and consumer income (M). Please refer to this figure to answer the questions below. What is the the standard error of the price coefficient (rounded to two decimal places)? OA. 7.79 OB. 0.79 OC. 1.27 O D. There is insufficient information to answer the question. OE. None of the above is correct. What is the t-statistic on the income coefficient (rounded to two decimal places)? OA. 0.02 OB. 54.08 OC. There is insufficient information to answer the question. OD. 0.91 OE. None of the above is correct.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations ANOVA Regression Residual Total Intercept Price (P) Income, $000 (M) 0.99 0.98 0.98 10.63 50 df 2 47 49 SS MS 323988.26 161994.13 5306.24 329294.50 112.90 Coefficients Standard Error 23.04 ??? 0.13 ??? -2.48 7.03 t Stat O B. 0.79 O C. 1.27 O D. There is insufficient information to answer the question. O E. None of the above is correct. 4.82 -3.14 ??? F 1434.86 O C. There is insufficient information to answer the question. O D. 0.91 O E. None of the above is correct. P-value Lower 95% 64.71 -4.07 6.76 0.0000 0.0031 0.0000 Significance F 0.00 The figure above provides regression estimation of a demand equation, where quantity (Q) is a function of the product's own price (P) and consumer income (M). Please refer to this figure to answer the questions below. What is the the standard error of the price coefficient (rounded to two decimal places)? O A. 7.79 What is the t-statistic on the income coefficient (rounded to two decimal places)? O A. 0.02 OB. 54.08 Upper 95% 157.41 -0.88 7.3
Transcribed Image Text:SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations ANOVA Regression Residual Total Intercept Price (P) Income, $000 (M) 0.99 0.98 0.98 10.63 50 df 2 47 49 SS MS 323988.26 161994.13 5306.24 329294.50 112.90 Coefficients Standard Error 23.04 ??? 0.13 ??? -2.48 7.03 t Stat O B. 0.79 O C. 1.27 O D. There is insufficient information to answer the question. O E. None of the above is correct. 4.82 -3.14 ??? F 1434.86 O C. There is insufficient information to answer the question. O D. 0.91 O E. None of the above is correct. P-value Lower 95% 64.71 -4.07 6.76 0.0000 0.0031 0.0000 Significance F 0.00 The figure above provides regression estimation of a demand equation, where quantity (Q) is a function of the product's own price (P) and consumer income (M). Please refer to this figure to answer the questions below. What is the the standard error of the price coefficient (rounded to two decimal places)? O A. 7.79 What is the t-statistic on the income coefficient (rounded to two decimal places)? O A. 0.02 OB. 54.08 Upper 95% 157.41 -0.88 7.3
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