Using Excel, Big Poppa's Estimates the Weekly Demand Function for Its

question 1

Multiple Choice

Using Excel, Big Poppa's estimates the weekly demand function for its BBQ sandwiches to be Q^d = 1,258.33 - (19.55 × P) . In reference to the estimated slope coefficient for price , which of the following standard errors will provide the smallest 95 percent confidence interval for the slope coefficient?

• A)3
• B)1.25
• C)0.50
• D)0.95

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