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The following estimated regression model was developed relating yearly income (y in $1000s) of 30 individuals with their age (x1) and their gender x2) (o if male and i if female). = 30 + 0.7x1 + 3×2 Also provided are SST = 1200 and SSE = 384. From the above function, it can be said that the expected yearly income for. O a. male is $3 more than females O b. female is $3 more than males c. male is $3,000 more than females O d. female is $3,000 more than males

The following estimated regression model was developed relating yearly income (y in $1000s) of 30 individuals with their age (x1) and their gender x2) (o if male and i if female). = 30 + 0.7x1 + 3×2 Also provided are SST = 1200 and SSE = 384. From the above function, it can be said that the expected yearly income for. O a. male is $3 more than females O b. female is $3 more than males c. male is $3,000 more than females O d. female is $3,000 more than males

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter4: Polynomial And Rational Functions
Section4.6: Variation
Problem 37E
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Exhibit 15-8 The following estimated regression model was developed relating yearly income (y in $1000s) of 30 individuals with their age (x1) and their gender (x2) (o if male and i if female). ŷ = 30 + 0.7X1 + 3x2 Also provided are SST = 1200 and SSE = 384. %3D From the above function, it can be said that the expected yearly income for. a. male is $3 more than females b. female is $3 more than males c. male is $3,000 more than females d. female is $3,000 more than males
Transcribed Image Text:Exhibit 15-8 The following estimated regression model was developed relating yearly income (y in $1000s) of 30 individuals with their age (x1) and their gender (x2) (o if male and i if female). ŷ = 30 + 0.7X1 + 3x2 Also provided are SST = 1200 and SSE = 384. %3D From the above function, it can be said that the expected yearly income for. a. male is $3 more than females b. female is $3 more than males c. male is $3,000 more than females d. female is $3,000 more than males
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