Question: Please show how you came up with the answer. Answer only letters d, e, f, and g (the highlighted part) fLegend: Cigarette consumption per adult

Please show how you came up with the answer. Answer only letters d, e, f, and g (the highlighted part)

Please show how you came up with the answer. Answer only lettersd, e, f, and g (the highlighted part) \fLegend: Cigarette consumption peradult (kg), 1.86 - 2.72 Y Per capita real GNP (1968 TurkishLiras), 2560 p 5723 P Real price of cigarettes (Turkey Liras per

\fLegend: Cigarette consumption per adult (kg), 1.86 - 2.72 Y Per capita real GNP (1968 Turkish Liras), 2560 p 5723 P Real price of cigarettes (Turkey Liras per kg, 1.36 - 3.97) ED1 Proportion of 12 - 17 age grp. enrolled in middle and high schools ED2 Proportion of 20 - 24 age grp. enrolled in universities a. Present the Scatter Plots b. State the Regression Model/ Equation C. Interpret the Betas/ Coefficients d. Compute and Analyze the Elasticities e. Determine the Model of Significance f. What is the demand/ consumption of cigarette if Y is 6,000, price is 4, ED1 is 0.7 and ED2 is 1? No need to include one or more variables that are insignificant g. Given your regression results how would you sell more cigarettes?SUMMARY OUTPUT Regression Statistics Multiple R 0.837874109 R Square 0.702033022 Adjusted R Square 0.652371859 Standard Error 0.143384561 Observations 29 ANOVA df SS MS F Significance F Regression 4 1.162533375 0.29063334 14.13645957 4.61606E-06 Residual 24 0.493419177 0.02055913 Total 28 1.655952552 Coefficients Standard Error t Stat P-value Lower 95% Upper 956 Lower 95.0% Upper 95.0% Intercept 0.70797907 0.454836191 1.55655835 0.13266514 -0.230756691 1.646714831 -0.23075669 1.646714831 Y 0.00095752 0.000291661 3.28298574 0.003139506 0.00035556 0.001559479 0.00035556 0.001559479 P -0.313590535 0.104349499 -3.00519444 0.006129597 -0.528957317 -0.09822375 -0.52895732 -0.098223753 ED1 -5.866909269 2.641124179 -2.2213682 0.036013221 -11.31792166 -0.41589688 -11.3179217 -0.415896876 ED2 -3.22065291 3.56141348 -0.90431873 0.374814912 -10.57104907 4.129743248 -10.5710491 4.129743248-5.8669092 ED1 40 3 3.220652 ED2 2.5 42 LU 44 2.5 Q (Cigarette consumption) 1.5 46 N 47 48 0.5 Q (Cigarette consumption) 1.5 49 50 1000 2000 3000 4000 5000 6000 7000 51 Y (Per capita real GNP) 10.5 52 53 0 54 0.5 1 1.5 2 2.5 3 3.5 4 4.5 P (Price of Cigarettes] 56 3 2.5 3 59 2 60 2.5 61 Q (Cigarette consumprion) 1.5 62 63 1 64 Q (Cigarette consumption) 1.5 0.5 65 0.3 0.4 0.5 9 0.1 0.2 68 ED1 (Proportion of 12-17 age group) 69 0.08 0.1 0.02 0.04 0.06 70 ED2 (Proportion of 20-24 age group) 71 72

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