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Data given below are on the adjusted gross income x and the amount of itemized deductions taken by taxpayers. Data vere reported in thousands of

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Data given below are on the adjusted gross income x and the amount of itemized deductions taken by taxpayers. Data vere reported in thousands of dollars. With the estimated regression equation y^=4.68+0.16x, the point estimate of a easonable 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,xisx Use 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). 5 thousand to $ thousand b. 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 2 decimals). thousand to $ thousand Use 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 b. 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 2 decimals). $3 thousand to $ c. 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? (3), it is (3) 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 adjusteg gross income of $52,500 should claim before an audit is recommended (to the nearest whole number). Any deductions exceeding the $ upper limit could suggest an audit

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