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(Step-by-Step) Use the data in the table, which shows the personal income and outlays (both in trillions of dollars) for Americans for 11 recent years. (Source:

Question: Use the data in the table, which shows the personal income and outlays (both in trillions of dollars) for Americans for 11 recent years. (Source: U.S. Commerce Department, Bureau of Economic Analysis)

Construct a 95% prediction interval for personal outlays when personal income is 6.4 trillion dollars. Interpret the results.

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