City government has collected the following data on annual sales tax collections and new car registrations: Annual Sales Tax Collections (in millions) New Car Registrations (in thousands) S0.98 $2.04...


City government has collected the following data on annual sales tax collections and new car registrations:<br>Annual Sales Tax Collections (in millions)<br>New Car Registrations (in thousands)<br>S0.98<br>$2.04<br>16<br>$1.42<br>$1.88<br>$1.80<br>S2.14<br>$2.32<br>11<br>14<br>15<br>15<br>18<br>21<br>a) The least-squares regression equation that shows the best relationship between sales tax (in millions) and car registrations (in thousands) is (round your<br>responses to three decimal places and include a minus sign if necessary):<br>S=ロ+ロx<br>where y = Dependent Variable and x = Independent Variable.<br>b) Using the least-squares regression equation, the estimated sales tax collection when the new number of registrations total is 22,000 = $<br>response to two decimal places).<br>million (round your<br>c) The coefficient of correlation for the least-squares regression<br>(round your response to four decimal places).<br>The coefficient of determination for the least-squares regression<br>(round your response to four decimal places).<br>

Extracted text: City government has collected the following data on annual sales tax collections and new car registrations: Annual Sales Tax Collections (in millions) New Car Registrations (in thousands) S0.98 $2.04 16 $1.42 $1.88 $1.80 S2.14 $2.32 11 14 15 15 18 21 a) The least-squares regression equation that shows the best relationship between sales tax (in millions) and car registrations (in thousands) is (round your responses to three decimal places and include a minus sign if necessary): S=ロ+ロx where y = Dependent Variable and x = Independent Variable. b) Using the least-squares regression equation, the estimated sales tax collection when the new number of registrations total is 22,000 = $ response to two decimal places). million (round your c) The coefficient of correlation for the least-squares regression (round your response to four decimal places). The coefficient of determination for the least-squares regression (round your response to four decimal places).

Jun 09, 2022
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