Question: 1 . Using Excel, regress Trips on Cost. Below, report the results from your regressionCoefficientsStandardErrorIntercept 1 7 . 3 3 Cost 1 8 9 t
Using Excel, regress Trips on Cost. Below, report the results from your regressionCoefficientsStandardErrorInterceptCostt StatPvalue E Regression StatisticsMultiple RR SquareAdjusted R SquareStandard ErrorObservations Write down the equation of your regression line:costTrips costTrips coDC $ Use the number of observations to calculate CS per person.CS Find the average number of trips in the sample.Avg # of trips a Calculate consumer surplus per tripCSAriP
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