The number of 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 is y = 48.332x + 17,899.60. Complete parts a and b. Issues, x 401 471 677 483 491 381 50 72 190 160 Proceeds, 18,363 28,041 44,388 30,458 65,206 65,201 21,233 10,212 31,146 27,918 How can the coefficient of determination be interpreted? 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 unexpla and is due to other factors or to sampling error. 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. (b) Find the standard error of estimate s, and interpret the result. (Round to three decimal places as needed.) How can the standard error of estimate be interpreted? The standard error of estimate of the issues for a specific number of proceeds is about s, million dollars. The standard error of estimate of the proceeds for a specific number of issues is about s, million dollars. Sul
The number of 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 is y = 48.332x + 17,899.60. Complete parts a and b. Issues, x 401 471 677 483 491 381 50 72 190 160 Proceeds, 18,363 28,041 44,388 30,458 65,206 65,201 21,233 10,212 31,146 27,918 How can the coefficient of determination be interpreted? 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 unexpla and is due to other factors or to sampling error. 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. (b) Find the standard error of estimate s, and interpret the result. (Round to three decimal places as needed.) How can the standard error of estimate be interpreted? The standard error of estimate of the issues for a specific number of proceeds is about s, million dollars. The standard error of estimate of the proceeds for a specific number of issues is about s, million dollars. Sul
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Transcribed Image Text:The number of 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
is y = 48.332x+17,899.60. Complete parts a and b.
Issues, x
401
471
677
483
491
381
50
72
190
160
Proceeds, 18,363 28,041 44,388 30,458 65,206 65,201 21,233 10,212 31,146 27,918
How can the coefficient of determination be interpreted?
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 unexpla
and is due to other factors or to sampling error.
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.
(b) Find the standard error of estimate s, and interpret the result.
(Round to three decimal places as needed.)
How can the standard error of estimate be interpreted?
The standard error of estimate of the issues for a specific number of proceeds is about s, million dollars.
The standard error of estimate of the proceeds for a specific number of issues is about s, million dollars.
Sul
Transcribed Image Text:The number of 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 rec
is y = 48.332x+17,899.60. Complete parts a and b.
Issues, x
401
471
677
483
491
381
50
72
190
160
Proceeds, 18,363 28,041 44,388 30,458 65,206 65,201 21,233 10,212 31,146 27,918
(a) Find the coefficient of determination and interpret the result.
(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 can be explained by the variation in issues. The remaining fraction of the variation is ur
and is due to other factors or to sampling error.
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 t.
variation is explained by the variation in issues.
(b) Find the standard error of estimate s, and interpret the result.
(Round to three decimal places as needed.)
How can the standard error of estimate be interpreted?
Su
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