Determine the least-squares regression equation

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Reference no: EM131357845

Problem -

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

Annual sales tax collections (in millions)	1.0	1.4	1.9	2.0	1.8	2.1	2.3
New car Registration (in thousands)	10	12	15	16	14	17	20

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.

Reference no: EM131357845

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