The following linear demand specification is estimated for Conlan Enterprises,a price-setting firm: where Q is the quantity demanded of the product Conlan Enterprises sells,P is the price of that product,M is income,and is the price of a related product.The results of the estimation are presented below: Given the above,at the 1% level of significance,the critical value of the t-statistic used by Conlan to test for statistical significance has _____ degrees of freedom and is equal to ________.
A)32; 0.7984
B)32; 36.14
C)32; 4.57
D)30; 2.750
E)28; 2.763

Question

The following linear demand specification is estimated for Conlan Enterprises,a price-setting firm:  where Q is the quantity demanded of the product Conlan Enterprises sells,P is the price of that product,M is income,and  is the price of a related product.The results of the estimation are presented below:  Given the above,at the 1% level of significance,the critical value of the t-statistic used by Conlan to test for statistical significance has _____ degrees of freedom and is equal to ________.
A)32; 0.7984 
B)32; 36.14 
C)32; 4.57 
D)30; 2.750 
E)28; 2.763

Quizplus · Accepted Answer

The Answer of The following linear demand specification is estimated for Conlan Enterprises,a price-setting firm:  where Q is the quantity demanded of the product Conlan Enterprises sells,P is the price of that product,M is income,and  is the price of a related product.The results of the estimation are presented below:  Given the above,at the 1% level of significance,the critical value of the t-statistic used by Conlan to test for statistical significance has _____ degrees of freedom and is equal to ________.
A)32; 0.7984 
B)32; 36.14 
C)32; 4.57 
D)30; 2.750 
E)28; 2.763

The Following Linear Demand Specification Is Estimated for Conlan Enterprises,a