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Use Excel to estimate the linear OLS dernand regression for the iTunes focus group data in the Managerial Solution. What is the R2? What are

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Use Excel to estimate the linear OLS dernand regression for the iTunes focus group data in the Managerial Solution. What is the R2? What are the coefficient estimates, the standard errors and the t-statistics for each coefficient? Using a 95% confidence criterion, would you reject the hypothesis that the price coefficient is zero? (You can compare most of your answers to those in the Managerial Solution) The regession's R2 value is (Enter your response rounded to hro decimal places) Using the Excel trendline option to estimate a linear demand function, the Inear demand function is Q=, (Enlor your response rounded to two decimal places) The standard error on the intercept is and the standard error an the price coefficient is (Enter your response rounded to two docimal places) The tstatistic for the intercept is and the t-statistic for the price coefficient is (Enter your response rounded to two decimal places and include a minus sign if necessary) Using the Excel trendline option The standard error on the interc The i-statistic for the intercopt i The coefficient on the intercept ar demand function, the linear demand function is Q=P. (Enter your response rounded to tho decimal places.) standard error on the price coefliclent is (Enter your response rounded to two decimal places ) tistic for the price coefficient is (Enfor your response rounded to two decintal places and include a minus sign if necessary) statiefically significantly difecent than zero and the coefficient on the price variable statistically significantly different than zero. F be the fixed cost of production, let VC be the variable cost of production, C be the total cost, MC be the marghal cost, AFC, the average freed cost, AVC, the average ariable cost, and AC, the average cost. Complete the following cost table (Enter numeric responses rounded fo two decimal places.)

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