City government has collected the following data on annual sales tax collections and new car registrations: Determine

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City government has collected the following data on annual sales tax collections and new car registrations:

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 anddetermination.

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Operations Management

ISBN: 978-0133408010

11th edition

Authors: Jay Heizer, Barry Render

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Question Posted: Mar 20, 2014 07:07 AM

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City government has collected the following data on annual sales tax collections and new car registrations: Determine

Question:

ANNUAL SALES TAX COLLECTIONS IN MILIONS) NEW CAR REGISTRATIONS IN THOUSANDS) 1.0 14 9 2.0 18 2. 2.3 10 12 15 6 14 1 20

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a Leastsquares equation Y 0158 0...View the full answer

Operations Management

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