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 _____.

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