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

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

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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Operations management

ISBN: 978-0132163927

10th edition

Authors: Jay Heizer, Barry Render

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Question Posted: Jul 15, 2013 04:46 AM

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

Question:

1.0 1.4 1.9 2.0 .8 21 2.3 Annual Sales Tax Collections (in millions) New Car Registrations 10 12 5 16 14 17 20 (in thousands)

Step by Step Answer:

Let nnul Sles Tx lletins re reresented by Y nd New r Registrtins re reresented by X s sles ...View the full answer

Operations management

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