Question: Consider the problem of estimating a production function that expresses the relationship between the level of output of a commodity and the level of input

Consider the problem of estimating a production function that expresses the relationship between the level of output of a commodity and the level of input of a factor of production. A sample of 15 observations is available on poultry feed inputs (in lbs) x, and poultry meat outputs y. The data set is given below:

Consider the problem of estimating a production function that expresses the relationship

H I\": 1. .3 2. 1.50 3. 2.25 4. 2.43 5. 2.43 E. 2.49 T. 2.59 B. 3.D5 9. 3.15 l. 3.65 11. 3.25 12. 3.25 13. 4.33 14. 4.32 15. 5.11 hnewer the queeticn. Fcr help with ueing State fcr getting the answers view the hint by clicking cn the "hint" that is available at the end cf the gueeticn. This will refreeh the ecreen and you can ecrcll dcwn tc View the hint. uleticn: heeume that the data can he deecrihed by the eimple linear regreeeicn model: Y'l+z+3 Find the leaet equaree eetimatee. Rcund cff ycur anewere tc twc decimal placee. The intercept eetimate b1 I The elcpe eetimate h

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