The following estimated regression equation 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 + .7x1 + 3x2?
?
Also provided are SST = 1200 and SSE = 384. The estimated income (in $) of a 30-year-old male is
A. $51,000.
B. $21.
C. $90,000.
D. $51.
Answer: A
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