Question: Suppose the true inverse demand relation for good X is Qx = a + bPx + cM + e, and you estimated the parameters to

Suppose the true inverse demand relation for good X is Qx

Suppose the true inverse demand relation for good X is Qx = a + bPx + cM + e, and you estimated the parameters to be: a = 22 b = -18 0a = 2.5 0; =0.7 Find the approximate 95 percent confidence interval for the true values of a and b. Instructions: Do not round intermediate calculations. Round your final responses to one decimal place. Confidence interval for a: ( Confidence interval for b: (

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