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Exhibit 15-8 The Following Estimated Regression Model Was Developed Relating Yearly Income

Question 88

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Exhibit 15-8
The following estimated regression model was developed relating yearly income (Y in $1,000s) of 30 individuals with their age (X1) and their gender (X2) (0 if male and 1 if female) . Exhibit 15-8 The following estimated regression model was developed relating yearly income (Y in $1,000s) of 30 individuals with their age (X<sub>1</sub>) and their gender (X<sub>2</sub>) (0 if male and 1 if female) . Also provided are SST = 1,200 and SSE = 384. -Refer to Exhibit 15-8. The yearly income of a 24-year-old female individual is A) $19.80 B) $19,800 C) $49.80 D) $49,800 Also provided are SST = 1,200 and SSE = 384.
-Refer to Exhibit 15-8. The yearly income of a 24-year-old female individual is


A) $19.80
B) $19,800
C) $49.80
D) $49,800

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