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The Following Estimated Regression Equation Was Developed Relating Yearly Income

Question 93

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 estimated income (in $)  of a 30-year-old male is A)  $51,000. B)  $21. C)  $90,000. D)  $51. = 30 + .7x1 + 3x2

Also provided are SST = 1200 and SSE = 384. The estimated income (in $) of a 30-year-old male is


A) $51,000.
B) $21.
C) $90,000.
D) $51.

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