# Low-calorie, frozen microwavable food

### Low-calorie, frozen microwavable food

The combines two asighnments

#### low-calorie, frozen microwavable food

leading brand of low-calorie, frozen microwavable food that estimates the following demand equation for its product using data from 26 supermarkets around the country
for the month of April.
For a refresher on independent and dependent variables, go to Sophia’s Website and review the Independent and Dependent Variables tutorial, located at
http://www.sophia.org/tutorials/independent-and-dependent-variables–3.

Option 1

Note: a regression equation. Standard errors are in parentheses for the demand for widgets.
QD = – 5200 – 42P + 20PX + 5.2I + 0.20A + 0.25M
(2.002) (17.5) (6.2) (2.5) (0.09) (0.21)
R2 = 0.55 n = 26 F = 4.88
Your supervisor has asked you to compute the elasticities for each independent variable. Assume the following values for the independent variables:
Q = Quantity demanded of 3-pack units
P (in cents) = Price of the product = 500 cents per 3-pack unit
PX (in cents) = Price of leading competitor’s product = 600 cents per 3-pack unit
I (in dollars) = Per capita income of the standard metropolitan statistical area
(SMSA) in which the supermarkets are located = \$5,500
A (in dollars) = Monthly advertising expenditures = \$10,000
M = Number of microwave ovens sold in the SMSA in which the
supermarkets are located = 5,000

Option 2

Note: The following is a regression equation. Standard errors are in parentheses for the demand for widgets.
QD = -2,000 – 100P + 15A + 25PX + 10I
(5,234) (2.29) (525) (1.75) (1.5)
R2 = 0.85 n = 120 F = 35.25
compute the elasticities for each independent variable.

#### 2:Popular Music and Cultural Impact

What is the background of this show? Explain what years it was on TV, describe the channel it aired on, the main characters, setting, etc..
What social issues and historical events were taking place at the time the show was being broadcast?
Did these issues affect the television show in any way?
Did the television show make an impact on popular culture?