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

Suppose the true inverse demand relation for good X is Qdx = a + bPx + cM + e, and you estimated the parameters to be â = 22, b^ = -1.8, δâ = 2.5, and δb^ = 0.7. Find the approximate 95 percent confidence interval for the true values of a and b.

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