Please help with this question. Part A is background info, I need help on Part B and E only, thanks!

>f4 Assume the following regression model, Y=50+131X+6 e~N(O,0'2) Now run the following code to generate values of 0'2 : sig2, ,81 : betal and ,80 : betao. In the rst task you need to show and explain the following steps: (a) (b) Simulate the parameters using the following codes, ## Simulation ## set . seed(1002656486) betaO