Question: A quant jock from your firm used a linear demand specification to estimate the demand for its product and sent you a hard copy of

A quant jock from your firm used a linear demand specification to estimate the demand for its product and sent you a hard copy of the results. Unfortunately, some entries are missing because the toner was low in her printer. Use the information presented below to find the missing values. Then, answer the accompanying questions.

Regression Statistics Multiple R 0.38 R Square .1444 Adjusted R Square .8672 Standard Error 20.77 Observations 150 Reg ression 2 1039887 5199 . 43 12 . 05 0 . 00 Residual 147 63,408.62 431.35 Total 149 73,807.49 Intercept 58.87 3.84 0.00 28.59 Price of X 1.64 0.85 0.06 3.31 Income ('000s) 0.24 4.64 0.00 0.63 a. Based on these estimates, write an equation that summarizes the demand for the rm's product. Instructions: Enter your responses rounded to two decimal places. Do not round intermediate calculations. Round only your nal calculation. Oxd = - Px + M

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