The Following Estimated Regression Equation Was Developed Relating Yearly Income

question 19

Multiple Choice

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
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Also provided are SST = 1200 and SSE = 384.The yearly income (in $) expected of a 24-year-old female individual is

• A) $19.80.
• B) $19,800.
• C) $49.80.
• D) $49,800.

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