Lakshay

Someone earning $600,000 per year would pay 10% on the first $11,000 they earned, and so on. As a taxpayer’s income increases, so does the percentage of income tax they pay. Remember the progressive tax system aims to get more money from high income earners. The government also uses other progressive measures to try and

Discover the R code under is like our previous efforts but now we exponentiate our y variable. Positive enough, R-squared tanks hard with growing sigma, although the model is totally appropriate in every respect. Now let’s check out a couple of of Shalizi’s statements about R-squared and reveal them with simulations in R. An example