Take the time to read the questions and be very clear in your answers. I recommend that to check your answers, and make sure that you wrote exactly...

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Note: Take the time to read the questions and be very clear in your answers. Irecommend that to check your answers, and make sure that you wrote exactly what youmeant to write.I. (6 pts) Answer the questions of this problem, using the following estimated equation:mybeIn(salary) = 4.503 + 0.163 In(sales) + 0.109 In(mktval) + 0.012ceotenStd. errors (0.257) (0.039)(0.049)(0.005)n = 177 R-squared =0.3182Where the variables are described as follows:salary = CEO compensation, in $1000sales = firm sales, in $millionsNo:0 taxat 10.0 -0bec90.0 : 21.0.= [seem)Edmktval = the market value of the firm, in $millionsceoten = the number of years as CEO with the company.a.What is the impact on CEO salary, of a 50% increase in the firm's market value? (1pt).b.What is wrong with the statement: "A 10% increase in sales revenue is associated with about a16.3% increase in salary"? (1pt).c.Interpret the coefficient of the variable ceoten. (1pt)d.With a 5% significance level, test the hypothesis that a longer tenure has a positive effect onthe CEO salary. (1pt)e.A company in our sample currently has a market value of $23,200 millions, a total revenuefrom sales evaluated at $6,200 millions, and a CEO who has been with the firm for 2 yearsalready. Calculate the estimated In(salary) of this company's CEO. (1pt),f. With a 5% significance, are the variables sales, market value, and CEO tenure, jointlysignificant predictors of CEO salary? (1pt)meterasiag onisoncesig sib hot olspoiler vidietog s ubi roxi