Calculate the residual standard error if s x = 16.5188, s y = 3363.0959 (Round to two
Question:
Calculate the residual standard error ifsx= 16.5188, sy= 3363.0959(Round to two decimal places)
The IRS wants to develop a method for detecting whether individuals have overstated their deductions for charitable contributions on their tax returns. To assist in this effort, the IRS supplied data listing the adjusted gross income (AGI) in $1000 and charitable contributions (Chritable_Giving) for 11 taxpayers whose returns were audited and found to be correct. Below is the regression output (some of which retracted) along with the sample summary statistics.
ca 11:
(formula IRS Charitable_Giving IRS Residua7s: Min 1Q Median 3Q Max Coefficients: signif. codes: 0 '**, 0.001 ' ', ' 0.1 Residual standard error: . on 9 degrees of freedom Mu7tiple R-squared: Adjusted R-squared: 0.9285 F-statistic: 130.8 on 1 and 9 DF, p-value:
Spreadsheet Modeling & Decision Analysis A Practical Introduction to Management Science
ISBN: 978-0324656633
5th edition
Authors: Cliff T. Ragsdale