6 What is the elasticity of expenditure with respect to income when the

6 what is the elasticity of expenditure with respect

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6. What is the elasticity of expenditure with respect to income when the household weekly income level is $2,000 in the following model? y= 80 + 10xwhere y is household food expenditure and x is household weekly income in hundred dollars a.0.071 b. 0.714 c.10 d.200
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7. In which case would testing the null hypothesis involve a two tailed statistical test? 8. You estimate a simple linear regression model using a sample of 27 observation and obtain the following results y= 97.25 + 19.74 x(3.86) (3.42)What are the endpoints of the interval estimator β2with 95% interval estimate? 9.What does R^2, the coefficient of determination, measure?
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