Exhibit 15-8
The following estimated regression model was developed relating yearly income (Y in $1,000s) of 30 individuals with their age (X 1 ) and their gender (X 2 ) (0 if male and 1 if female). Also provided are SST = 1,200 and SSE = 384.
-Refer to Exhibit 15-8. 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

Question

Exhibit 15-8
The following estimated regression model was developed relating yearly income (Y in $1,000s) of 30 individuals with their age (X 1 ) and their gender (X 2 ) (0 if male and 1 if female).  Also provided are SST = 1,200 and SSE = 384.
-Refer to Exhibit 15-8. 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

Quizplus · Accepted Answer

The Answer of Exhibit 15-8
The following estimated regression model was developed relating yearly income (Y in $1,000s) of 30 individuals with their age (X 1 ) and their gender (X 2 ) (0 if male and 1 if female).  Also provided are SST = 1,200 and SSE = 384.
-Refer to Exhibit 15-8. 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

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