Could you help me with this, please? & could you provide more details for me? thank you so much! One general belief held by observers of the business world is that taller men earn more money than shorter men. In a study reported in the Wall Street Journal, 30 MBA graduates, all about 30 years old, were surveyed and asked to report their annual incomes and their heights. These responses are recorded in MBA.xlsx. d     Obtain three measures to check the fitness of the model. Do you think that this model is good enough to be used to estimate and predict income on the basis of height? If not, explain why not. If so, i         predict the income of 183cm tall men with MBAs. ii        estimate with 95% confidence the mean income of all 183 cm tall men with MBAs iii      predict with 95% confidence the income of a 183 cm tall man with an MBA. Height Income ($) 175.0 68660 167.5 74820 172.5 69260 175.0 79620 162.5 69180 182.5 66700 160.0 71140 175.0 83680 172.5 70060 182.5 77480 170.0 61340 165.0 61180 177.5 74740 170.0 78940 182.5 80540 182.5 75080 175.0 80980 177.5 75940 172.5 69640 182.5 74640 187.5 68120 170.0 65980 172.5 74060 190.0 72280 177.5 75840 165.0 67020 172.5 73520 162.5 67680 167.5 70720 175.0 80340

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.