Answer Happy

Using the attached Figure, answer these following tasks: (1)
Fill in the following blank spaces that appear in the table such as
the T-statistic for b1, the standard error for b2 and the estimate
b3. (2) Interpret each of the estimates b2, b3 and b4 in line with
economics meaning.
Consider the following model that relates the percentage of a household's budget spent on alcohol WALC to total expenditure TOTEXP, age of the household head AGE, and the number of children in the household NK. WALC = B1 + B, In(TOTEXP) + B3NK + BAGE+e This model was estimated using 1200 observations from London. An incomplete version of this output is provided in Table 5.6. t-Statistic Std. Error 2.2019 TABLE 5.6 Output for Exercise 5.3 Dependent Variable: WALC Included observations: 1200 Variable Coefficient с 1.4515 In(TOTEXP) 2.7648 NK AGE -0.1503 R-squared S.E. of regression Sum squared resid 46221.62 5.7103 -3.9376 -6.4019 Prob. 0.5099 0.0000 0.0001 0.0000 0.3695 0.0235 Mean dependent var S.D. dependent var 6.19434 6.39547