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

---

Definitions:

Stored Entry

Data or information that has been saved in a database or other storage system for later retrieval or use.

Text

Refers to any words, sentences, or paragraphs used in documents, presentations, or spreadsheets.

Graphic

Any picture, shape, chart, or drawing object inserted into a document or presentation.

Building Block

Predefined pieces of text or formatting that can be inserted into documents to facilitate document creation.