Question: Question #2 The information provided on the Taco Bell worksheet in the data pack can be used to estimate a demand curve for

Question #2

The information provided on the "Taco Bell" worksheet in the data pack can be used to estimate a demand curve for tacos. Estimate a regression equation with price (measured in dollars) as the independent variable.

a.Construct a 90% confidence interval for the average number of tacos sold per day when the price of a taco is $2.00. (5 marks)

Point Estimate:[insert here]

Excel Formula for t:[insert here]

s_yx:[insert here]

Standard Error:[insert here]

Margin of Error:[insert here]

Lower Confidence Limit:[insert here]

Upper Confidence Limit:[insert here]

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Question #2 The information provided on the "Taco Bell" worksheet in the

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