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is y = 50.523x + 16,974.27. Complete parts a and b 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 Issues, x 422 452 691 479 500 397 73 73 197 169 Proceeds, 17,946 27,907 44,499 31,350 65,033 67,200 21,729 10,322 30,637 27,575 (a) Find the coefficient of determination and interpret the result (Round to three decimal places as needed.) How can the coefficient of determination be interpreted? O The coefficient of determination is the fraction of the variation in proceeds that is unexplained and is due to other factors or sampling error. The remaining fraction of the variation is explained by the variation in issues. O 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 issues is about s, million dollars. O The standard error of estimate of the issues for a specific number of proceeds is about s million dollars.

is y = 50.523x + 16,974.27. Complete parts a and b 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 Issues, x 422 452 691 479 500 397 73 73 197 169 Proceeds, 17,946 27,907 44,499 31,350 65,033 67,200 21,729 10,322 30,637 27,575 (a) Find the coefficient of determination and interpret the result (Round to three decimal places as needed.) How can the coefficient of determination be interpreted? O The coefficient of determination is the fraction of the variation in proceeds that is unexplained and is due to other factors or sampling error. The remaining fraction of the variation is explained by the variation in issues. O 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 issues is about s, million dollars. O The standard error of estimate of the issues for a specific number of proceeds is about s million dollars.

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section: Chapter Questions
Problem 10T: Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s...
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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 = 50.523x + 16,974.27. Complete parts a and b Issues, x 422 452 691 479 500 397 73 73 197 169 Proceeds, 17,946 27,907 44,499 31,350 65,033 67,200 21,729 10,322 30,637 27,575 (a) Find the coefficient of determination and interpret the resut. (Round to three decimal places as needed.) How can the coefficient of determination be interpreted? O The coefficient of determination is the fraction of the variation in proceeds that is unexplained and is due to other factors or sampling error. The remaining fraction of the variation is explained by the variation in issues. O 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 estimate s, and interpret the result. (Round 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 issues is about s, million dollars. The standard error of estimate of the issues for a specific number of proceeds is about s, million dollars.
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 = 50.523x + 16,974.27. Complete parts a and b Issues, x 422 452 691 479 500 397 73 73 197 169 Proceeds, 17,946 27,907 44,499 31,350 65,033 67,200 21,729 10,322 30,637 27,575 (a) Find the coefficient of determination and interpret the resut. (Round to three decimal places as needed.) How can the coefficient of determination be interpreted? O The coefficient of determination is the fraction of the variation in proceeds that is unexplained and is due to other factors or sampling error. The remaining fraction of the variation is explained by the variation in issues. O 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 estimate s, and interpret the result. (Round 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 issues 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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