Question: Need help in the following select the correct answer Suppose you have the following demand function for T shirts: Y =32.9-0.70PC, +0.27YD, = (-8.33) (45.91)

Need help in the following select the correct answer

Suppose you have the following demand function for T shirts: Y =32.9-0.70PC, +0.27YD, = (-8.33) (45.91) R2 = 0.76 N =44 Where: . Y - estimated demand for T shirts; . PC - price of T shirt; T - time subscript; YD - disposable income. Y = 23.80-0.59PC, +0.36YD, +0.02Y,2 -0.007Y,3 +0.000055Y,# (-0.34) (0.50) (0.29) (-0.68) (1.02) R2 = 0.90 N = 44 Apply the Ramsey's RESET test at 5% significance level and find the F statistic. O a. F statistic = 17.962 O b. F statistic = 0.057 O c. F statistic = 0.000387 O d. F statistic = 27.14

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