Solved

Exhibit 13-8
the Following Estimated Regression Model Was Developed Relating Y^\hat { Y }

Question 3

Multiple Choice

Exhibit 13-8
The following estimated regression model was developed relating yearly income Y in $1,000s) of 30 individuals with their age X1) and their gender X2) 0 if male and 1 if female) .
Y^\hat { Y } =30+0.7X1+3X2
Also provided are SST = 1,200 and SSE = 384.
-Refer to Exhibit 13-8. From the above function, it can be said that the expected yearly income of


A) males is $3 more than females
B) females is $3 more than males
C) males is $3,000 more than females
D) females is $3,000 more than males

Correct Answer:

verifed

Verified

Related Questions