18. The following estimated regression model was developed relating yearly income (Y in dollar) of 30individuals with their age (X1) and their gender (X2) (1 if male and 0 if female).SUMMARY OUTPUTRegression StatisticsMultipie R0.99R Square0.98Adjusted R S0.98Standard Err1,721.83Observations30.00ANOVAdf2.00 5,166,093,302.59 2,583,046,651.30Significance FMSRegression871.270.00Residual27.0080,047,116.772,964,708.03Total29.00 5,246,140,419.37Coefficients Standard Error3,307.04P-valueLower 95% Upper 95% Lower 95.0% Upper 95.0%9,167.67t Stat9,167.672,3821,529Intercept0.720.48-4,403.30-4,403.30age75.3320.290.001,374.141,683.281,374.141,683.28gender10,263961.8010.670.008,289.19 12,236.088,289.1912,236.08From the result above, it can be said that the expected yearly income ofa. males is $10,263 more than females given the same ageb. females is $10,263 more than males given the same agec. males is $10,263d. females is $10,263

Answer: From the given output, It can be said that the expected yearly income of males is $10,263…

From the result above, it can be said that the expected yearly income of a. males is $10,263 more than females given the same age b. females is $10,263 more than males given the same age c. males is $10,263 d. females is $10,263

From the result above, it can be said that the expected yearly income of a. males is $10,263 more than females given the same age b. females is $10,263 more than males given the same age c. males is $10,263 d. females is $10,263

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)

6th Edition

ISBN:9781337111348

Author:Bruce Crauder, Benny Evans, Alan Noell

Publisher:Bruce Crauder, Benny Evans, Alan Noell

Chapter5: A Survey Of Other Common Functions

Section5.6: Higher-degree Polynomials And Rational Functions

Problem 1TU: The following fictitious table shows kryptonite price, in dollar per gram, t years after 2006. t=...

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