1 SUMMARY OUTPUT 2 3 Regression Statistics 4 Multiple R 0.90358653 5 R Square 0.81646863 6 Adjusted R S( 0.79512777 7 Standard Err 15.2018551 8 Observations 49 9 10 ANOVA 11 55 MS F Significance F 12 Regression 5 44206.9773 8841.39545 38.2584734 9.0353E-15 13 Residual 43 9937.14518 231.096399 14 Total 48 54144.1224 15 16 Coefficients standard Erro t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% 17 Intercept 53.8884308 35.4335403 1.52083112 0.13562231 -17.570113 125.346975 -17.570113 125.346975 18 10 -2.1346585 0.37589434 -5.678879 1.0699E-06 -2.8927217 -1.3765953 -2.8927217 -1.3765953 19 25 -1.3074226 0.45705137 -2.8605594 0.00650276 -2.2291546 -0.3856907 -2.2291546 -0.3856907 20 15 -1.1997331 0.82092281 -1.4614444 0.15116331 -2.8552817 0.45581557 -2.8552817 0.45581557 21 42 9.07961376 0.72690723 12.4907463 6.703E-16 7.61366563 10.5455619 7.61366563 10.5455619 22 4 4.54759245 2.42179954 1.8777741 0.06720509 -0.3364318 9.43161669 -0.3364318 9.43161669 23A C D E F G H own-price Px elasticity 54.71 0 0.00 Round numerical values to the second 52.53 1 -0.04 50.35 -0.09 decimal place. For example, 5.4678 rounds to 5.47 48.17 -0.14 45.99 -0.19 43.81 -0.25 41.63 -0.31 9 39.45 7 Demand for X -0.39 10 37.27 -0.47 DE 11 35.09 9 -0.56 35 12 32.91 10 -0.66 13 30.73 11 -0.78 14 28.55 12 -0.92 15 15 26.37 13 -1.07 16 24.19 14 -1.26 17 22.01 15 -1.49 18 19.83 16 -1.76 19 17.65 17 -2.10 20 15.47 18 -2.54 10 20 DE 40 50 60 21 13.29 19 -3.12 22 11.11 20 -3.92 23 8.93 21 -5.13 24 6.75 22 -7.11 25 4.57 23 -10.97 2.39 24 -21.89 27 0.21 25 -259.52 28