Question
City government has collected the following data on annual sales tax collections and new car registrations: a) The least-squares regression equation that shows the best
City government has collected the following data on annual sales tax collections and new car registrations:
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):
y = + x
where y = Dependent Variable and x = Independent Variable.
Part 3
b) Using the least-squares regression equation, the estimated sales tax collection when the new number of registrations total is 23,000 = million (round your response to two decimal places).
Part 4
c) The coefficient of correlation for the least-squares regression = (round your response to four decimal places).
Part 5
The coefficient of determination for the least-squares regression = (round your response to four decimal places).
a) The ! 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): y^=+x where y^= Dependent Variable and x= Independent VariableStep by Step Solution
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