Use the following information and answer the questions below. A regression results by OLS using a sample of 25 is given below. Standard errors are in parentheses. .Y = 2.43 +1.43X %3D Se (3.86) (0.23) Assume that the random error term follows a normal distribution with mean zero and variance o?. 1. The elasticity of Y with respect to X when X is 2 (X=2) (2 d.p.) 06.43 00.54 01.43 ONone of the answers is correct. 03.78 2. The p-value to test the slope coefficient Ho: B2 = 1 against H1: B2 1 is: Obetween .025 and .05 Obetween .005 and .01 ONone of the answers is correct Obetween .1 and .2 Obetween .05 and .1 3. A 99% confidence interval for B2 is (4 d.p.) O(1.036, 1.824) O(0.855, 2.005) O(0.954, 1.906) O(0.784, 2.076) O(1.43, 2.43)