The number initial public offerings of stock issued in a 10-year period and the total proceeds of these offerings (in millions) are shown in the table. The equation of the regression line is y =43.977x+ 19,528.57. Complete parts a and b. Issues, x 424 457 695 500 499 379 55 74 180 158 Proceeds, 18,716 29,004 42,559 30,325 67,231 65,155 21,100 12,473 31,455 27,712 (a) Find the coefficient determination and interpret the result. 0.256 (Round to three decimal places as needed.) How can the coefficient of determination be interpreted? O The coefficient of determination is the fraction of the variation in proceeds that is unexplained and is due to other factors or sampling error. The remaining fraction of the variation is explained by the variation in issues. O The coefficient of determination is the fraction of the variation in proceeds that can be explained by the variation in issues. The remaining fraction of the variation is unexplained and is due to other factors or to sampling error.

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How can the coefficient of determination be interpreted?
The number
initial public offerings of stock issued in a 10-year period and the total proceeds of these offerings (in millions) are shown in the table. The equation of the regression line is y = 43.977x + 19,528.57. Complete parts a and b.
Issues, x
424
457
695
500
499
379 55
74
180
158
Proceeds,
18,716 29,004 42,559 30,325 67,231 65,155 21,100 12,473 31,455 27,712
(a) Find the coefficient of determination and interpret the result.
0.256
(Round to three decimal places as needed.
How can the coefficient of determination be interpreted?
The coefficient of determination is the fraction of the variation
proceeds that is unexplained and is due to other factors or sampling error. The remaining fraction of the variation is explained by the variation in issues.
issues. The remaining fraction of the variation is unexplained and is due to other factors or to sampling error.
The coefficient of determination is the fraction of the variation in proceeds that can be explained by the variation
Transcribed Image Text:The number initial public offerings of stock issued in a 10-year period and the total proceeds of these offerings (in millions) are shown in the table. The equation of the regression line is y = 43.977x + 19,528.57. Complete parts a and b. Issues, x 424 457 695 500 499 379 55 74 180 158 Proceeds, 18,716 29,004 42,559 30,325 67,231 65,155 21,100 12,473 31,455 27,712 (a) Find the coefficient of determination and interpret the result. 0.256 (Round to three decimal places as needed. How can the coefficient of determination be interpreted? The coefficient of determination is the fraction of the variation proceeds that is unexplained and is due to other factors or sampling error. The remaining fraction of the variation is explained by the variation in issues. issues. The remaining fraction of the variation is unexplained and is due to other factors or to sampling error. The coefficient of determination is the fraction of the variation in proceeds that can be explained by the variation
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