Question: Question 3 5 points Save Answer The IRS wants to develop a method for detecting whether individuals have overstated their deductions for charitable contributions on


Question 3 5 points Save Answer 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 $1000 and charitable contributions (Chritable_Giving) for 11 taxpayers whose returns were audited and found to be correct Below is the regression output (some of which retracted) along with the sample summary statistics. Call : 1m(formula = IRS$Charitable_Giving ~ IRS$AGI) Residuals : Min 1Q Median 3Q Max -925.2 -558.2 -338.0 243.8 2031.8 Coefficients : Estimate Std. Error t value Pr(>|t) (Intercept) 1377.70 -4.561 * * IRSSAGI 196.93 11. 438 1. 16e-06 * * * Signif. codes: 0 '***' 0. 001 '* *' 0.01 "*' 0. 05 '.' 0.1 '' 1 Residual standard error: on 9 degrees of freedom Multiple R-squared Adjusted R-squared: 0.9285 F-statistic: 130.8 on 1 and 9 DF, p-value: 1. 157e-06 Calculate the residual standard error if sx = 16.5188, sy = 3363.0959 (Round to two decimal places)
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