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=46.796x+18,961.97. Issues, x 61 67 178 161 424 469 677 498 479 381 Proceeds, y 19,734 27,704 44,835 30,935 66,313 67,362 20,452 11,236 32,301 27,619 Question Viewer (a) Use excel to find the coefficient of determination (r^2 value). You can click the icon above to copy the data directly into excel. (Round to three decimal places as needed.) Does this line represent the equation well? No Yes

MATLAB: An Introduction with Applications
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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=46.796x+18,961.97.
61
67
178
161
Issues, x 424 469 677 498 479 381
Proceeds, y 19,734 27,704 44,835 30,935 66,313 67,362 20,452 11,236 32,301 27,619
Question Viewer
(a) Use excel to find the coefficient of determination (r^2 value).
You can click the icon above to copy the data directly into excel.
(Round to three decimal places as needed.)
Does this line represent the equation well?
O
No
Yes
Transcribed Image Text:不 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=46.796x+18,961.97. 61 67 178 161 Issues, x 424 469 677 498 479 381 Proceeds, y 19,734 27,704 44,835 30,935 66,313 67,362 20,452 11,236 32,301 27,619 Question Viewer (a) Use excel to find the coefficient of determination (r^2 value). You can click the icon above to copy the data directly into excel. (Round to three decimal places as needed.) Does this line represent the equation well? O No Yes
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