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From the data for 4 6 states in the United States for 1 9 9 2 , it is obtained the following regression results: InC
From the data for states in the United States for it is obtained the following regression results:
InC
income per capita.
a What is the elasticity of demand for cigarcttes will respect to price? Is it alatidically significaut? Is it statistically bigger than at significance level?
b Compute e interval cstimate for the price clasticity of deMand.
c Discuss the overall significance of the model with necesary F ratio calculations at onf significance level.
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