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) . = 30 + .7x₁ + 3x₂

Also provided are SST = 1200 and SSE = 384. The estimated income (in $) of a 30-year-old male is

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) .

The following estimated regression equation was developed relating yearly income (y in $1000s) of 30 individuals with their age (x<sub>1</sub>) and their gender (x<sub>2</sub>) (0 if male and 1 if female) . = 30 + .7x<sub>1</sub> + 3x<sub>2</sub> Also provided are SST = 1200 and SSE = 384. The estimated income (in $) of a 30-year-old male is A) $51,000. B) $21. C) $90,000. D) $51.

= 30 + .7x₁ + 3x₂

Also provided are SST = 1200 and SSE = 384. The estimated income (in $) of a 30-year-old male is

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). = 30 + .7x₁ + 3x₂ Also provided are SST = 1200 and SSE = 384. The estimated income (in $) of a 30-year-old male is A) $51,000. B) $21. C) $90,000. D) $51.

The Following Estimated Regression Equation Was Developed Relating Yearly Income