Using Excel, Big Poppa's estimates the weekly demand function for its BBQ sandwiches to be Q^d = 1,568.23 - (18.67 × P). In reference to the estimated slope coefficient for price , which of the following standard errors will provide the largest 95 percent confidence interval for the slope coefficient? A)1.27 B)2.67 C)2.50 D)2.12

Question

Quizplus · Accepted Answer

A larger standard error will result in a wider confidence interval, so we want to choose the standard error that is the largest among the options given. Choice B has the largest standard error at 2.67, so that is the best choice.

Using Excel, Big Poppa's Estimates the Weekly Demand Function for Its