Problem -city government has collected the following data, Ask an Expert

Management Studies

Problem -

City government has collected the following data on annual sales tax collections and new car registrations:

Annual sales tax collections (in millions)	1.0	1.4	1.9	2.0	1.8	2.1	2.3
New car Registration (in thousands)	10	12	15	16	14	17	20

Determine the following:

a) The least-squares regression equation.

b) Using the results of part (a), find the estimated sales tax collections if new car registrations total 22,000.

c) The coefficients of correlation and determination.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92170700

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