Multiple Choice
Exhibit 13-8
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 13-8. From the above function, it can be said that the expected yearly income of
A) males is $3 more than females
B) females is $3 more than males
C) males is $3,000 more than females
D) females is $3,000 more than males
Correct Answer:

Verified
Correct Answer:
Verified
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