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

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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 REGISTRATIONS

(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 LOP1

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Operations Management Sustainability And Supply Chain Management

ISBN: 9781292295039

13th Global Edition

Authors: Jay Heizer, Barry Render, Chuck Munson

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Question Posted: Jul 04, 2024 11:02 AM

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

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Operations Management Sustainability And Supply Chain Management

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