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

question 70

Multiple Choice

Exhibit 15-8
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) . Also provided are SST = 1,200 and SSE = 384.
-Refer to Exhibit 15-8. The yearly income of a 24-year-old male individual is

• A)$13.80
• B)$13,800
• C)$46,800
• D)$49,800

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