The following estimated regression model was developed relating yearly income ( y in $1000s) of 30 individuals with their age ( x 1 ) and their gender ( x 2 ) (0 if male and 1 if female). ŷ =...


The following estimated regression model was developed relating yearly income (y in $1000s) of 30 individuals with their age (x
1) and their gender (x
2) (0 if male and 1 if female).


ŷ = 30 + 0.7x
1 + 3x
2



Also provided are SST = 1200 and SSE = 384.


The yearly income of a 24-year-old male individual is _____.

























a. $46,800










b. $49,800










c. $13.80









d. $13,800



Jun 09, 2022
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