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The Following Estimated Regression Equation Was Developed Relating Yearly Income

Question 56

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 yearly income (in $) expected of a 24-year-old male individual is A) $16,800. B) $13,800. C) $46,800. D) $49,800. = 30 + .7x1 + 3x2​
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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.

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