Solved

The Following Estimated Regression Equation Was Developed Relating Yearly Income

Question 14

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) . ​ The following estimated regression equation was developed relating yearly income (y in $1000s)  of 30 individuals with their age (x<sub>1</sub>)  and their gender (x<sub>2</sub>)  (0 if male and 1 if female) . ​   = 30 + .7x<sub>1</sub> + 3x<sub>2</sub>​ ​ Also provided are SST = 1200 and SSE = 384.The test statistic for testing the significance of the model is A)  .73. B)  1.47. C)  28.69. D)  5.22. = 30 + .7x1 + 3x2

Also provided are SST = 1200 and SSE = 384.The test statistic for testing the significance of the model is


A) .73.
B) 1.47.
C) 28.69.
D) 5.22.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions