Below is a multiple regression estimate in which the dependent variable is the quantity demanded, Qx, of movie tickets at the theatre, and the independent variables are, Px is the

movie ticket price in dollars, Py is the price of a redbox DVD rental in dollars, I is income in dollars, and Adv is advertising expenditures in dollars.The regression was estimated for 62 movie outletlets

Regression Statistics:

R-Square 0.5557 Adjusted R-Square 0.5329 Observations 62

Coefficient Standard Error

Intercept 6,600 5,050.9

Px -5,000 1,001.5

Py 3,500 1,750

I 35 19.5

Adv. 1,000 333

1.Refer to Scenario 2. What is the quantity demanded of X when Px = $6, Py = $2, I = $40, and ADV = $20. .

A) 7,500 B) 10,000 C) 3,400 D) 5,000

2.Refer to Scenario 2. When Px = $6, Py = $2, I = $40, and ADV = $20, the point price elasticity of demand equals:

A) -6.0 B) -0.333 C) -1.0D) -0.6

Of course I want to know the above 2 answers, most important is I want to know the intercept is 6600 or 11600 and how it comes. I checked a lot of same questions which supplied one equal formula of Qx=11600-5000Px+3500Py+35I+1000Adv., but my question doesn't have that formula. Please check.

Thank you

Anyone would please let me know why it is incomplete? Because that is what I get from my professor?