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

Multiple Choice

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) . = 30 + 0.7x₁ + 3x₂
Also provided are SST = 1,200 and SSE = 384.
-Refer to Exhibit 15-8. If we want to test for the significance of the model, the critical value of F at a 5% significance level is

A) 3.33
B) 3.35
C) 3.34
D) 2.96