The Following Estimated Regression Equation Was Developed Relating Yearly Income $\hat { y }$

Multiple Choice

The following estimated regression equation was developed relating yearly income (y in $1000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female) . $\hat { y }$ = 30 + .7x₁ + 3x₂

Also provided are SST = 1200 and SSE = 384.The yearly income (in $) expected of a 24-year-old male individual is

A) $16,800.
B) $13,800.
C) $46,800.
D) $49,800.