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...
icon
Related questions
Question
City government has collected the following data on annual sales tax collections and new car registrations:
Annual Sales Tax Collections (in millions)
New Car Registrations (in thousands)
S0.98
$2.04
16
$1.42
$1.88
$1.80
S2.14
$2.32
11
14
15
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):
S=ロ+ロx
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).
Transcribed Image Text:City government has collected the following data on annual sales tax collections and new car registrations: Annual Sales Tax Collections (in millions) New Car Registrations (in thousands) S0.98 $2.04 16 $1.42 $1.88 $1.80 S2.14 $2.32 11 14 15 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): S=ロ+ロx 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).
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 4 images

Blurred answer
Recommended textbooks for you
Elementary Linear Algebra (MindTap Course List)
Elementary Linear Algebra (MindTap Course List)
Algebra
ISBN:
9781305658004
Author:
Ron Larson
Publisher:
Cengage Learning
College Algebra
College Algebra
Algebra
ISBN:
9781337282291
Author:
Ron Larson
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill