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Exhibit 15-8 The Following Estimated Regression Model Was Developed Relating Yearly Income

Question 70

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Exhibit 15-8
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) . Exhibit 15-8 The following estimated regression model was developed relating yearly income (Y in $1,000s) of 30 individuals with their age (X<sub>1</sub>) and their gender (X<sub>2</sub>) (0 if male and 1 if female) . Also provided are SST = 1,200 and SSE = 384. -Refer to Exhibit 15-8. The yearly income of a 24-year-old male individual is A) $13.80 B) $13,800 C) $46,800 D) $49,800 Also provided are SST = 1,200 and SSE = 384.
-Refer to Exhibit 15-8. The yearly income of a 24-year-old male individual is


A) $13.80
B) $13,800
C) $46,800
D) $49,800

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