Data given below are on the adjusted gross income x and the amount of itemized deductions taken by taxpayers. Data were reported in thousands of dollars. With the estimated regression equation y=4.68+0.16x, the point estimate of a reasonable level of total itemized deductions for a taxpayer with an adjusted gross income of $52,500 is $13,080 Data given below are on the adjusted gross income x and the amount of itemized deductions taken by taxpayers. Data were reported in thousands of dollars. With theestimated regression equation ŷ = 4.68 + 0.16x, the point estimate of a reasonable level of total itemized deductions for a taxpayer with an adjusted gross income of$52,500 is $13,080. Click on the datafile to reference the data.Excel File: data14-37.xlsxAdjusted GrossReasonable Amount of ItemizedIncome ($1000s)Deductions ($1000s)229.6279.63210.14811.16513.58517.712025.5Use the estimated regression coefficients rounded to 2 decimals in your calculations.a. Develop a 95% confidence interval for the mean amount of total itemized deductions for all taxpayers with an adjusted gross income of $52,500 (to 2 decimals).$thousand to $thousandb. Develop a 95% prediction interval estimate for the amount of total itemized deductions for a particular taxpayer with an adjusted gross income of $52,500 (to 2decimals).$thousand to $thousandc. If the particular taxpayer referred to in part (b) claimed total itemized deductions of $20,400, would the IRS agent's request for an audit appear to be justified?Select your answer - vit is - Select your answer - v than anticipated.d. Use your answer to part (b) to give the IRS agent a guideline as to the amount of total itemized deductions a taxpayer with an adjusted gross income of $52,500 shouldclaim before an audit is recommended (to the nearest whole number).Any deductions exceeding the $upper limit could suggest an audit.

Data given below are on the adjusted gross income x and the amount of itemized deductions taken by taxpayers. Data were reported in thousands of dollars. With the estimated regression equation y=4.68+0.16x, the point estimate of a reasonable level of total itemized deductions for a taxpayer with an adjusted gross income of $52,500 is $13,080

Data given below are on the adjusted gross income x and the amount of itemized deductions taken by taxpayers. Data were reported in thousands of dollars. With the estimated regression equation y=4.68+0.16x, the point estimate of a reasonable level of total itemized deductions for a taxpayer with an adjusted gross income of $52,500 is $13,080

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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