Data given below are on the adjusted gross income and the amount of itemized deductions taken by taxpayers. Data were reported in thousands of dollars. With the estimated regression equation , the point estimate of a reasonable level of total itemized deductions for a taxpayer with an adjusted gross income of is . Click on the datafile to reference the data.Excel File: data14-37.xlsx Adjusted GrossReasonable Amount of ItemizedIncome ($1000s)Deductions ($1000s)22 9.6 27 9.6 32 10.1 48 11.1 65 13.5 85 17.7 120 25.5 Use the estimated regression coefficients rounded to decimals in your calculations.а. Develop a confidence interval for the mean amount of total itemized deductions for all taxpayers with an adjusted gross income of (to decimals).

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Answered: Use the 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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Data given below are on the adjusted gross income and the amount of itemized deductions taken by taxpayers. Data were reported in thousands of dollars. With the estimated regression equation , the point estimate of a reasonable level of total itemized deductions for a taxpayer with an adjusted gross income of is . Click on the datafile to reference the data.

Excel File: data14-37.xlsx