The following estimated regression model was developed relating yearly income ( y in $1000s) of…
The following estimated regression model 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).
?
= 30 + 0.7x1 + 3x2
?
Also provided are SST = 1200 and SSE = 384.
Refer to Exhibit 5. The estimated income of a 30-year-old female is _____.
Group of answer choices
Exhibit 3
The following information regarding a dependent variable (y) and an independent variable (x) is provided. Copy and paste this information into excel and run a regression to answer the following question.
x | y |
4 |
8 |
3 |
7 |
5 |
10 |
4 |
8 |
6 |
11 |
SSE = .27
SST = 10.8
?
Refer to Exhibit 3. The least squares estimate of the slope is _____.