3) Interpret all the coefficients. 4) Using the average values for the independent variables and your estimated demand function, compute the demand for Trascott in a typical market. 5)Define and interpret the standard error of the estimate and estimate the range within which actual demand for Trascott is expected to fall with a 95% confidence level.

Ele Insert Page Layout Formulas Dala Review View Help 149 A B G H J 31 32 33 34 SUMMARY OUTPUT 35 36 Regression Statistics 37 Multiple R 0.986227456 38 R Square 0.972654596 39 Adjusted R Square 0.966385563 40 Standard Error 33.66039096 41 Observations 24 42 43 ANOVA 14 df SS 45 Regression 4 7654255 46 Residual 19 21527.42 47 Total 23 786953 48 49 Coefficients Standard It Stat So Intercept 656.9256103 1026.867 51 Price of Trascott Burge -92 14471353 18.68372 52 Income 0.005664564 0.006127 53 Advertising Expenditur 270.1509461 97.20657 4 Price of Big Mac 7601178128 62.94918 55 56 57 gnificance 163.5902777 1450-14 MS 191356.3555 1133.021913 P-value Lower 959 Upper 959 Lower 95.1 Upper 95.0% 0.639737562 0.529992282 -1492.33 2806.184 -1492.33 2806.184 -4.931818462 9.25916E05 -131.25 $3.0392 -131.25 53.0392 0.92453184 0.366803352 0.00716 0.018438 -0.00716 0.018483 2.77914273 0.01195415 66.69525 473,6066 66.69525 473.6066 1.207510272 0.242053004 -55.7424 207.7659 55.7424 207.7659 Shsst1 Ele Insert Page Layout Formulas Dala Review View Help 149 A B G H J 31 32 33 34 SUMMARY OUTPUT 35 36 Regression Statistics 37 Multiple R 0.986227456 38 R Square 0.972654596 39 Adjusted R Square 0.966385563 40 Standard Error 33.66039096 41 Observations 24 42 43 ANOVA 14 df SS 45 Regression 4 7654255 46 Residual 19 21527.42 47 Total 23 786953 48 49 Coefficients Standard It Stat So Intercept 656.9256103 1026.867 51 Price of Trascott Burge -92 14471353 18.68372 52 Income 0.005664564 0.006127 53 Advertising Expenditur 270.1509461 97.20657 4 Price of Big Mac 7601178128 62.94918 55 56 57 gnificance 163.5902777 1450-14 MS 191356.3555 1133.021913 P-value Lower 959 Upper 959 Lower 95.1 Upper 95.0% 0.639737562 0.529992282 -1492.33 2806.184 -1492.33 2806.184 -4.931818462 9.25916E05 -131.25 $3.0392 -131.25 53.0392 0.92453184 0.366803352 0.00716 0.018438 -0.00716 0.018483 2.77914273 0.01195415 66.69525 473,6066 66.69525 473.6066 1.207510272 0.242053004 -55.7424 207.7659 55.7424 207.7659 Shsst1