(a) Find the coefficient of determination and interpret the result. How can the coefficient of determination be​ interpreted?​(b) Find the standard error of estimate se and interpret the result. How can the standard error of estimate be​ interpreted?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter3: Functions And Graphs
Section3.3: Lines
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​(a) Find the coefficient of determination and interpret the result. How can the coefficient of determination be​ interpreted? ​(b) Find the standard error of estimate se and interpret the result. How can the standard error of estimate be​ interpreted?
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 = 47.952x + 18,603.01. Complete parts a and b.
Issues, x
413
452
676
490
479
375
58
72
194
163
Proceeds, 19,584|27,682 44,383 31,386 66,228 67,124 22,356 10,874 30,231 27,876
(a) Find the coefficient of determination and interpret the result.
(Round to three decimal places as needed.)
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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 line is y = 47.952x + 18,603.01. Complete parts a and b. Issues, x 413 452 676 490 479 375 58 72 194 163 Proceeds, 19,584|27,682 44,383 31,386 66,228 67,124 22,356 10,874 30,231 27,876 (a) Find the coefficient of determination and interpret the result. (Round to three decimal places as needed.) Enter your answer in the answer box and then click Check Answer. Check Answer Clear All 3 parts remaining
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