According to the Internal Revenue Service (IRS), the taxpayer's adjusted gross income determines the appropriateness of total itemised deductions. For taxpayers with high adjusted gross incomes, significant deductions, like as charitable and medical deductions, are more justifiable. The data on adjusted gross income and the average of justifiable itemised deductions is shown in Table 1 (in thousand of dollars). Table 1 Adjusted Gross Income Total Itemised Deductions 22 9.2 26 9.9 32 10.1 48 11.1 66 13.4 88 17.8 110 25.5 120 31.1 а) Obtain the regression model for data in Table 1 and interpret the value. b) Estimate the total itemized deductions for a taxpayer with an adjusted gross income of $52, 500. Calculate the r correlation and interpret the value. Justify whether other method can be applied to evaluate the correlation. c)

According to the Internal Revenue Service (IRS), the taxpayer's adjusted gross income determines the appropriateness of total itemised deductions. For taxpayers with high adjusted gross incomes, significant deductions, like as charitable and medical deductions, are more justifiable. The data on adjusted gross income and the average of justifiable itemised deductions is shown in Table 1 (in thousand of dollars). Table 1 Adjusted Gross Income Total Itemised Deductions 22 9.2 26 9.9 32 10.1 48 11.1 66 13.4 88 17.8 110 25.5 120 31.1 а) Obtain the regression model for data in Table 1 and interpret the value. b) Estimate the total itemized deductions for a taxpayer with an adjusted gross income of $52, 500. Calculate the r correlation and interpret the value. Justify whether other method can be applied to evaluate the correlation. c)

Name: According to the Internal Revenue Service (IRS), the taxpayer's adjus
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Description: According to the Internal Revenue Service (IRS), the taxpayer's adjusted gross income determines theappropriateness of total itemised deductions. For taxpayers with high adjusted gross incomes, significantdeductions, like as charitable and medical d

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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Concept explainers

Unitary Method

The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.

Speed, Time, and Distance

Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.

Profit and Loss

The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.

Units and Measurements

Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.

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Question

According to the Internal Revenue Service (IRS), the taxpayer's adjusted gross income determines the
appropriateness of total itemised deductions. For taxpayers with high adjusted gross incomes, significant
deductions, like as charitable and medical deductions, are more justifiable. The data on adjusted gross
income and the average of justifiable itemised deductions is shown in Table 1 (in thousand of dollars).
Table 1
Adjusted Gross Income
22
Total Itemised Deductions
9.2
26
9.9
32
10.1
48
11.1
66
13.4
88
17.8
110
25.5
120
31.1
a)
Obtain the regression model for data in Table 1 and interpret the value.
b)
Estimate the total itemized deductions for a taxpayer with an adjusted gross income of $52, 500.
Calculate the r correlation and interpret the value. Justify whether other method can be applied to
evaluate the correlation.
c)

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