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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 REGISTRATIONS (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.
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