The following estimated regression equation was developed relating yearly income (y in $1000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female) .
$\hat { y }$ = 30 + .7x₁ + 3x₂

Also provided are SST = 1200 and SSE = 384.From the above linear function for multiple regression, it can be said that the expected yearly income of

Question

The following estimated regression equation was developed relating yearly income (y in $1000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female) .

\hat { y }

= 30 + .7x₁ + 3x₂

Also provided are SST = 1200 and SSE = 384.From the above linear function for multiple regression, it can be said that the expected yearly income of

Quizplus · Accepted Answer

The Answer of The following estimated regression equation was developed relating yearly income (y in $1000s) of 30 individuals with their age (x₁) and their gender (x₂) (0 if male and 1 if female). $\hat { y }$ = 30 + .7x₁ + 3x₂ Also provided are SST = 1200 and SSE = 384.From the above linear function for multiple regression, 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 $3000 more than females. D) females is $3000 more than males.

The Following Estimated Regression Equation Was Developed Relating Yearly Income y^\hat { y }y^​

The Following Estimated Regression Equation Was Developed Relating Yearly Income $\hat { y }$