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The Following Estimated Regression Equation Was Developed Relating Average Yearly

Question 46

Multiple Choice

The following estimated regression equation was developed relating average yearly income (y in $1000s) of 50 individuals with their age (x1) and their gender (x2) (0 if male and 1 if female) : The following estimated regression equation was developed relating average yearly income (y in $1000s) of 50 individuals with their age (x<sub>1</sub>) and their gender (x<sub>2</sub>) (0 if male and 1 if female) : = 35 + .7x<sub>1</sub> + 3x<sub>2</sub> <sub> </sub> Also provided are SST = 1400 and SSE = 400. The estimated income (in $) of a 40-year-old male is A) $63,000. B) $21. C) $120,000. D) $63. = 35 + .7x1 + 3x2
Also provided are SST = 1400 and SSE = 400. The estimated income (in $) of a 40-year-old male is


A) $63,000.
B) $21.
C) $120,000.
D) $63.

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