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 + 3x2Also provided are SST = 1200 and SSE = 384.The yearly income of a 24-year-old male individual is _____.   a. $46,800     b. $49,800     c. $13.80     d. $13,800

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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 yearly income of a 24-year-old male individual is _____.
  a. $46,800  
  b. $49,800  
  c. $13.80  
  d. $13,800
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