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

question 53

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. From the above function, 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 $3,000 more than females
• D)females is $3,000 more than males

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Definitions:

Poorest Countries

Nations with the lowest indicators of socioeconomic development, often characterized by low GDP per capita, poor infrastructure, and high levels of poverty.

Population

The total population within a certain area or nation.

Fertility Rates

The average number of children born to a woman over her lifetime in a specific population.

Fertility Rates

The average number of children born to a woman over her lifetime within a population.