Question

In: Statistics and Probability

The number of initial public offerings of stock issued in a​ 10-year period and the total...

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

ModifyingAbove y with caret equals y=48.918x+18,133.57.

Complete parts a and b.

​Issues, x

403

472

689

494

494

378

62

62

198

157

​Proceeds, y

19,231

29 comma 76729,767

44,741

31,300

66,271

65,628

21,414

10,231

31,897

27,618

​(a) Find the coefficient of determination and interpret the result.

nothing

​(Round to three decimal places as​ needed.)

Solutions

Expert Solution

a) Coefficient of determination :

Coefficient of determination R2 is the percent of the variation in response varible (dependent varible) can be explained by dependendet varible

R2 = 0.303

The coefficient of determination is the fraction of the variation in proceeds that can be explined by the variation in issues,the remaining fractions of the variation is unexplined and is due to other factors to sampling error

Excel Output

Y=48.918*X+18,133.57.

orchestra answered 1 year ago
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