Please answer the following question. has hired you to analyze demand in 25 regional markets for a new Product Y, called Angelica Pickles.

Please answer the following question. no copy, own words please

Snack Foods International, Ltd. has hired you to analyze demand in 25 regional markets for a new Product Y, called Angelica Pickles. A statistical analysis of demand in these markets shows (t-statistics in parentheses): 

      Q Y     =  250 - 10P  +  6P X  +  0.25A  +  0.04I 

                              (3.33)    (3)        (2.5)       (1.26) 

      R 2     = 91% 

Standard Error of the Estimate = 75 

Here, Q Y is market demand for Product Y, P is the price of Y in dollars, A is dollars of advertising expenditures, P X is the average price in dollars of another (unidentified) product, and I is dollars of household income. In a typical market, the price of Y is $1,500, P X is $500, advertising expenditures are $50,000, and disposable income per household is $45,000. 

A.    Calculate the expected level of demand in a typical market. 

B.    Define R 2 and interpret R 2 for this equation 

C.    Briefly discuss the individual variable significance.