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 line is y = 44.149x + 19,980.20. Complete parts a and b. Issues, x 412 461 692 482 496 380 56 53 183 150 Proceeds, 19,722 28,291 42,675 31,500 65,325| 66,392 22,377 12,024|32,365| 27,692 y (a) Find the coefficient of determination and interpret the result. (Round to three decimal places as needed.)

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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 line is
y = 44.149x + 19,980.20. Complete parts a and b.
Issues, x
412
461
692
482
496
380
56
53
183
150
Proceeds, 19,722 28,291 42,675 31,500 65,325 66,392 22,377 12,024 32,365 27,692
y
(a) Find the coefficient of determination and interpret the result.
(Round to three decimal places as needed.)
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 line is y = 44.149x + 19,980.20. Complete parts a and b. Issues, x 412 461 692 482 496 380 56 53 183 150 Proceeds, 19,722 28,291 42,675 31,500 65,325 66,392 22,377 12,024 32,365 27,692 y (a) Find the coefficient of determination and interpret the result. (Round to three decimal places as needed.)
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