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The Following Estimated Regression Equation Was Developed Relating Yearly Income

question 14

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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 test statistic for testing the significance of the model is A)  .73. B)  1.47. C)  28.69. D)  5.22. = 30 + .7x1 + 3x2

Also provided are SST = 1200 and SSE = 384.The test statistic for testing the significance of the model is

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Definitions:

Solution

The value or set of values that satisfies a given mathematical equation or inequality.

Inequality

A mathematical sentence indicating that two expressions are not equal, using symbols such as <, >, ≤, or ≥.

Solve

The process of finding the value(s) of variable(s) that satisfy an equation, inequality, or system of equations.

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