City government has collected the following data on annual sales tax collections and new car registrations: Determine
Question:
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.
Transcribed Image Text:
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)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Let nnul Sles Tx lletins re reresented by Y nd New r Registrtins re reresented by X s sles ...View the full answer
Answered By
Stanley Ndabaru
I have graduated with a bachelors degree in Mathematics and Computer Science and planning to pursue a masters degree in the field of mathematics. I've been working as an associate lecturer for the past 2 years. I've been mentoring students and helping them with difficult questions in the field of Mathematics, computer science, and statistics. My aim is to make sure that my students understand the concepts and how to apply them in their projects and revision.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Management Leadership questions
-
A sales manager collected the following data on annual sales for new customer accounts and the number of years of experience for a sample of 10 salespersons. / a. Develop a scatter diagram for these...
-
VanAuker Properties' controller collected the following data on annual sales and the years of experience of members of his sales staff: a. Construct a scatter plot representing these data. b....
-
A consumer analyst collected the following data on the screen sizes of popular LCD televisions sold recently at a large retailer: a. Does there appear to be a linear relationship between the screen...
-
Landry State University, a public university located in Louisiana, has a June 30 fiscal year. On July 20 of the current year, Landry State University receives $2,125,000 in payments from the U.S....
-
Estimate the cross section of a 0 particle decay (into p + -, n + 0) if the time it takes for this electroweak interaction to occur is ~ 10-10 s.
-
Is an initial public offering an example of a primary or a secondary market transaction? Explain.
-
A bar is \(4 \mathrm{~m}\) long and has a diameter of \(30 \mathrm{~mm}\). Determine the total amount of elastic energy that it can absorb from an impact loading if (a) it is made of steel for which...
-
1. What options does Personal Trainer have for developing a new system? What are some specific issues and options that Susan should consider in making a decision? 2. Susan has been asked to prepare a...
-
Cane Company manufactures two products called Alpha and Beta that sell for $190 and $155, respectively. Each product uses only one type of raw material that costs $8 per pound. The company has the...
-
Operating data for Concord Corporation are presented as follows. 2022 2021 Sales revenue $827,200 $626,800 Cost of goods sold 529,408 407,420 Selling expenses 119,944 75,216 Administrative expenses...
-
Sales of music stands at Johnny Hos music store in Columbus, Ohio, over the past 10 weeks are shown in the table below. (a) Forecast demand for each week, including week 10, using exponential...
-
Dr. Susan Sweeney, a Providence, Rhode Island, psychologist, specializes in treating patients who are agoraphobic (i.e., afraid to leave their homes). The following table indicates how many patients...
-
Find the efficiency of a cycle consisting of two isochoric and two isothermal lines if the volume varies -fold and the absolute temperature v-fold within the cycle. The working substance is an ideal...
-
1. Consider the following I type instruction: op rs rt constant or address Where the opcode = addi, rs = $s2 and rt=$s1. The value of register $s2 is 01001010, and the constant value is = 11101110....
-
How many impressions can you make with 613 pounds of 48 ga PET/2.5 mil LLDPE? Assume the repeat is 7.25" and the web width is 13". Assume no waste.
-
A one-dimensional harmonic wave is described by the equation: F(x, t) = Acos(kx - wt) a. Calculate the partial derivative and and write the wave equation 8y r2 ay at2 b. What is the relation between...
-
1. Consider the following array of integers (4 bytes each): int a, b, c. d[10] W Memoryfm Base address Assume the base address of the above array is stored in register $s1. a. Write the MIPS code to...
-
3) For an RLC circuit, the maximum emf of the AC generator is 100 Volts. (Vsource=100 V). R = 4N, wL = 8, a) b) c) 1 5.2. At the instant when the voltage across the resistor VR=0, Find V, Vc, the emf...
-
Is the set {1, 2, 3, 4, 5} a group for multiplication modulo 6?
-
Suppose the government bond described in problem 1 above is held for five years and then the savings institution acquiring the bond decides to sell it at a price of $940. Can you figure out the...
-
Selina Lo loves her job as the manager of a toy store in San Francisco. She loves the chaos and the excitement of kids as they wander around the store searching for their favorite toys. Teddy bears...
-
Fredericks Farm Factory (FFF) currently maintains an average inventory valued at $3,400,000. The company estimates its capital cost at 10 percent, its storage cost at 4.5 percent, and its risk cost...
-
A technology problem has rendered some of the inventory at FFF obsolete. FFF estimates that the risk cost of its inventory is now 10 percent. (a) Calculate the new annual holding cost rate. (b)...
-
A technology problem has rendered some of the inventory at FFF obsolete. FFF estimates that the risk cost of its inventory is now 10 percent. (a) Calculate the new annual holding cost rate. (b)...
-
JK Company, located in Indonesia, specializes in producing sets of wooden patio furniture consisting of a table and four chairs. The company is currently operating at 80% of its full capacity of...
-
Consider the following data for two products of Vigano Manufacturing. Activity Machine setup Parts handling Quality inspections Total budgeted overhead Unit Information Budgeted Cost Activity Driver...
-
Price and efficiency variances, benchmarking and ethics. Sunto Scientific manufactures GPS devices for a chain of retail stores. Its most popular model, the Magellan XS , is assembled in a dedicated...
Study smarter with the SolutionInn App