The following data refers to the price of a good ‘P’ and the quantity of the good supplied, ‘S’. p 2 7 5 1 4 8 2 8 ___/_____________________________________ s / 15 41 32 9 24 43 17 40 a. Estimate the linear regression line b. Estimate the standard errors of c. Test the hypothesis that price influences supply

/in /by

The following data refers to the price of a good ‘P’
and the quantity of the good supplied, ‘S’.

p 2 7 5 1 4 8 2 8

___/_____________________________________

s / 15 41 32 9 24 43 17 40

a.      Estimate the linear regression line

b.     Estimate the standard errors of

c.      Test the hypothesis that price influences supply

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