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Assistance with how to solve this question showing all steps please Question 5 What is the value of Quantity Demanded of Heating Oil if: Income
Assistance with how to solve this question showing all steps please
Question 5 What is the value of Quantity Demanded of Heating Oil if: Income = $22 and Price=$100 Complete Mark 1.00 out of 1.00 -2.105 + 4.075*income - 0.578*price P Flag question -2.105+89.65-57.8 Select one: O a. 57.8 O b. 29.745 O c. -2.105 O d. 89.65Quantity Demanded of Heating Oil Income Per Household Price of Heating Oil SUMMARY OUTPUT 7.1 9 50 5.7 Regression Statistics 10 50 10.3 Multiple R 0.917239 11.8 10 R Square 0.841327 11.9 11 50 Adjusted R Square 0.826216 13.9 11 Standard Error 1.972013 5.7 11 60 Observations 24 6.6 11 11.5 12 60 ANOVA F 12.6 12 60 df SS MS Significance F 16.8 13 60 Regression 2 433.0141 216.507 55.67403463 4.0297E-09 14.4 13 60 Residual 21 81.6655 3.888833 13.2 13 70 Total 23 514.6796 9.7 13 70 16 14 70 Coefficients andard Errt t Stat P-value Lower 95% Upper 95% ower 95.0%/pper 95.0% 9.3 14 70 Intercept -2.105 2.374618 -0.88646 0.385409797 -7.0432875 2.833287 -7.04329 2.833287 19 15 70 Income Per Household 4.075 0.493003 8.265668 4.85848E-08 3.04974387 5.100256 3.049744 5.100256 21.5 15 70 Price of Heating Oil -0.57883 0.104968 -5.51436 1.79846E-05 -0.797127 7 -0.36054 -0.79713 -0.36054 11.3 15 80 15.6 15 80 15.6 16 80 15.8 16 80 21.7 17 80 20.9 17 80 Quantity Demanded of Heating Oil is the dependent variableStep by Step Solution
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