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Information from composing task #1 is expected to task #2 (transferred). I require help with task #2

Envision that you work for the producer of a main brand of low-calorie solidified, microwavable sustenance that gauges the accompanying interest condition for its item utilizing information from 26 stores around the nation for the long stretch of April.

Evaluated Demand Equation ? QD = – 5200 – 42(P) + 20(Px)+ 0.52( I )+ 0.20(A) + 0.25(M)

Standard Errors of Estimate ? (2.002) (17.5) (6.2) (2.5) (0.09) (0.21)

(for figuring “t-values”

Other Regression measurements n = 26 R2 = 0.55 F = 4.88

QD = Quantity requested of 3-pack units for your organization’s solidified nourishment

P (in dollars) = Price of the item = \$5 per 3-pack unit

Px (in dollars) = Price of driving contender’s item = \$6 per 3-pack unit

I (in dollars) = Per capita salary of the standard metropolitan measurable range

(SMSA) in which the stores are found = \$5,500

An (in dollars) = Monthly publicizing consumptions = \$10,000

M = Number of microwave stoves sold in the SMSA in which each

Store is found = 5,000

a) Plot the request bend for your firm by utilizing the accompanying costs for its 3-pack unit: \$2, \$4. \$6, \$8, and \$10. Clue: Place the value (P) on vertical hub and the amount requested (QD) on the even hub.

b) Plot the comparing supply bend on a similar chart utilizing the accompanying supply work

QS = – 79.1 + 79.1(P) with an indistinguishable costs from to a limited extent a. (Keep in mind: Price is set on the vertical

hub and the amount on the flat pivot.)

c) Determine the balance cost and amount.