Exhibit 13-8
the Following Estimated Regression Model Was Developed Relating $\hat { Y }$

question 105

Multiple Choice

Exhibit 13-8
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) .
$\hat { Y }$ =30+0.7X1+3X2
Also provided are SST = 1,200 and SSE = 384.
-Refer to Exhibit 13-8. The yearly income of a 24-year-old female individual is

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

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