Refer to the Following:
the Following Linear Demand Specification Is $Q = a + b P + c M + d P _ { R }$

question 4

Multiple Choice

Refer to the following:
The following linear demand specification is estimated for Conlan Enterprises, a price-setting firm:
$Q = a + b P + c M + d P _ { R }$
where Q is the quantity demanded of the product Conlan Enterprises sells, P is the price of that product, M is income, and
$P _ { R }$ is the price of a related product. The results of the estimation are presented below:
$\begin{array}{rllll}\text { DEPENDENT VARIABLE: } & Q & \text { R-SQUARE } & \text { F-RATIO } & \text { P-VALUEONF } \\\text { OBSERVATIONS: } 32 & 0.7984 & 36.14 & 0.0001\\\\\text { VARIABLE } & \text { PARAMETER } & \text { STANDARD } & & \\& \text { ESTIMATE } & \text { ERROR } & \text { T-RATIO } & \text { P-VALUE } \\\text { INTERCEPT } & 846.30 & 76.70 & 11.03 & 0.0001 \\\text { P } & -8.60 & 2.60 & -3.31 & 0.0026 \\\text { M } & 0.0184 & 0.0048 & 3.83 & 0.0007 \\\text { PR }& -4.3075 & 1.230 & -3.50 & 0.0016\end{array}$
-At the 1% level of significance, the critical value of the -statistic is equal to __________.

• A) 0.7984
• B) 4.57
• C) 36.14
• D) 2.763
• E) -3.50

---

Definitions:

Conditions of Worth

Carl Rogers' concept referring to the standards imposed on an individual by others and by themselves, which are believed to be necessary to earn positive regard.

Fully Functioning Person

A term used by Carl Rogers to describe an individual who is living in harmony with their deepest feelings and impulses, exhibiting features such as openness to experience, trust in self, and a sense of inner freedom.

Actualization Tendency

A concept in psychology referring to the inherent inclination of all human beings to grow, develop, and realize their fullest potential.

Environmental Forces

Elements such as climate, geography, natural resources, and social factors that can influence the development of societies, individual behavior, and biological ecosystems.