City government has collected the following data on annual sales tax collections and new car registrations: Annual Sales Tax Collections (in millions) $0.98 $1.42 $1.88 $2.04 $1.80 $2.14 $2.32 New Car Registrations (in thousands) 11 14 15 16 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): 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).
City government has collected the following data on annual sales tax collections and new car registrations: Annual Sales Tax Collections (in millions) $0.98 $1.42 $1.88 $2.04 $1.80 $2.14 $2.32 New Car Registrations (in thousands) 11 14 15 16 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): 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).
Elementary Linear Algebra (MindTap Course List)
8th Edition
ISBN:9781305658004
Author:Ron Larson
Publisher:Ron Larson
Chapter2: Matrices
Section2.CR: Review Exercises
Problem 89CR: Cellular Phone Subscribers The table shows the numbers of cellular phone subscribers y in millions...
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