Question

The Federal Highway Administration annually reports on state motor-fuel taxes. Based on the latest report, the amount of receipts, in thousands of dollars, can be estimated using the equation: Receipts = - 5359 + 0.9956 Collections.
a. If a state collected $500,000, what would you estimate the receipts to be?
b. If a state collected $1,000,000, what would you estimate the receipts to be?
c. If a state collected $1,500,000, what would you estimate the receipts to be?


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  • CreatedAugust 27, 2015
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