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). ŷ = 30 + 0.7x1 + 3x2 Also provided are SST = 1200 and SSE = 384. The model _____. a. is significant b. is not significant c. would be significant is the sample size was larger than 30 d. None of these answers are correct.
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). ŷ = 30 + 0.7x1 + 3x2 Also provided are SST = 1200 and SSE = 384. The model _____. a. is significant b. is not significant c. would be significant is the sample size was larger than 30 d. None of these answers are correct.
Chapter4: Linear Functions
Section: Chapter Questions
Problem 30PT: For the following exercises, use Table 4 which shows the percent of unemployed persons 25 years or...
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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) (0 if male and 1 if female).
ŷ = 30 + 0.7x1 + 3x2
Also provided are SST = 1200 and SSE = 384.
The model _____.
ŷ = 30 + 0.7x1 + 3x2
Also provided are SST = 1200 and SSE = 384.
The model _____.
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