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 = 48.267x+ 18,014.33. Complete parts a and b. Issues, x 418 452 687 485 498 396 52 55 183 150 Proceeds, 17,893 28,011 43,462 31,984 66,102 65,336 21,841 10,111 30,790 27,563 y 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. (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 proceeds for a specific number of issueb is about s, million dollars. The standard error of estimate of the issues for a specific number of proceeds is about s, million dollars.

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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 = 48.267x+ 18,014.33. Complete parts a and b.
452
687
485
498
396
52
55
183
150
Issues, x
Proceeds, 17,893 28,011 43,462 31,984 66,102 65,336 21,841 10,111 30,790 27,563
ly
418
The coefficient of determınation 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.
(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?
million dollars.
The standard error of estimate of the proceeds for a specific number of issueb is about s.
million dollars.
The standard error of estimate of the issues for a specific number of proceeds is about s.
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 = 48.267x+ 18,014.33. Complete parts a and b. 452 687 485 498 396 52 55 183 150 Issues, x Proceeds, 17,893 28,011 43,462 31,984 66,102 65,336 21,841 10,111 30,790 27,563 ly 418 The coefficient of determınation 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. (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? million dollars. The standard error of estimate of the proceeds for a specific number of issueb is about s. million dollars. The standard error of estimate of the issues for a specific number of proceeds is about s.
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