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City government has collected the following data on annual sales tax collections and new car registrations for the past 5 years:
4. City government has collected the following data on annual sales tax collections and new car registrations for the past 5 years:
Year 1 2 3 4 5
Annual Sales Tax Collection 1.9 2.0 2.8 2.1 3.3
(in millions)
New Car Registrations 10 12 14 16 18
a) Determine The Least -squares regression equation.
a) In the context of this problem, interpret a and b.