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Economics Questions Excel

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Subject
Economics
School
The University Of Scranton
Type
Homework
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Cost per Professional Accountants Cost per Trained Tax Preparers (T) Number of Professional Accountants (P) Number of Trained Tax Preparers (T) 100000 50000 4 6 Cost Assistance 700000 4400 Month Price ($) Quantity 1 0.45 98 2 0.5 80 3 0.45 95 4 0.4 123 5 0.35 163 6 0.35 168 7 0.5 82 8 0.55 68 9 0.45 96 10 0.5 77 11 0.4 130 12 0.4 125 SUMMARY OUTPUT Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 0.96987933 0.940665914 0.934732506 8.455711478 12 ANOVA df Regression Residual Total 1 10 11 SS 11335.25943 714.990566 12050.25 Coefficients Standard Error 332.5 17.93727278 -506.6037736 40.23489238 Intercept Price ($) RESIDUAL OUTPUT Observation 1 2 3 4 5 6 7 8 9 10 11 12 Predicted Quantity 104.5283019 79.19811321 104.5283019 129.8584906 155.1886792 155.1886792 79.19811321 53.86792453 104.5283019 79.19811321 129.8584906 129.8584906 Residuals -6.528301887 0.801886792 -9.528301887 -6.858490566 7.811320755 12.81132075 2.801886792 14.13207547 -8.528301887 -2.198113208 0.141509434 -4.858490566 MS F 11335.25943 158.5371888 71.4990566 t Stat 18.53682018 -12.59115518 P-value 4.50439E-09 1.85629E-07 Significance F 1.85629E-07 Lower 95% Upper 95% Lower 95.0% Upper 95.0% 292.5332656 372.4667344 292.5332656 372.4667344 -596.2527005 -416.9548467 -596.2527005 -416.9548467 PROBABILITY OUTPUT Standard Residuals -0.809741534 0.099462472 -1.181848193 -0.850696669 0.968881489 1.589059253 0.347533577 1.752879794 -1.05781264 -0.272644187 0.017 ...
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