Please answer the following set of questions, based on the information provided
ID: 3246581 • Letter: P
Question
Please answer the following set of questions, based on the information provided below. The Internal Revenue Service considers the reasonable itemized deductions depend on the taxpayer's adjusted gross income. Large deductions, which include charity and medical deductions, are more reasonable for taxpayers with large adjusted gross incomes. If a taxpayer claims larger than average itemized deductions for a given level of income, the chances of an IRS audit are increased. Data (in thousands of dollars) on adjusted gross incometx) and the average or reasonable amount of itemized deductions[Y] follow.Explanation / Answer
Solution7:
sice r sq=0.954
r,r=0.954
r=sqrt(0.954)
r=0.977
corr coefficient=0.977
solution8::
from output table
deductions=4.676+0.161(income)
optionD
Solution9:
put income=32 in regression eq
deductions=4.676+0.161(32)
=9.828
answerc
solution11:
as p<0.05
income significant variable
ANSWER C