Using Excel, the Manager of Quick Breaks Coffees Has Estimated

question 40

Multiple Choice

Using Excel, the manager of Quick Breaks Coffees has estimated the daily demand function for its regular coffees; the results are shown in the table above. Which of the following statements is correct?

• A)The manager can be 95 percent confident that the true slope coefficient for price is positive.
• B)The manager can be 95 percent confident that the true slope coefficient for price lies between - 24.01 and - 20.96.
• C)The manager can be 95 percent confident that the true slope coefficient for price is greater than - 24.01.
• D)The manager can be 95 percent confident that the true slope coefficient for price is equal to zero.

---

Definitions:

Technological Advances

Progressive improvements and innovations in technology that enhance efficiency, productivity, and quality of life.

Dependency on Oil

The reliance on oil as a primary source of energy or economic revenue, which can lead to vulnerabilities if there are fluctuations in oil availability or prices.

Developed Nations

Countries with advanced infrastructure and high levels of income for residents compared to other countries.

Life Expectancies

The average period that an individual or organism is expected to live, based on statistical data.