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A regression model relating the yearly income (Y), age (X1), and the gender of the faculty member of ...

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A regression model relating the yearly income (Y), age (X1), and the gender of the faculty member of ...

A regression model relating the yearly income (Y), age (X₁), and the gender of the faculty member of a university (X₂ = 1 if female and 0 if male) resulted in the following information.

n = 20	SSE = 500	SSR = 1,500
S_b1 = 0.2	S_b2 = 0.1

a.	Is gender a significant variable?
b.	Determine the multiple coefficient of determination.

Textbook

Essentials of Statistics for Business and Economics

Edition: 7^th

Authors: Anderson, Sweeney, Williams, Camm, Cochran

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