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 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.

Hint: First we find the SSR and then taking the value of f-statistic, to decide the significance of…

Answered: The following estimated regression…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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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 _____.

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.

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