The number 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 =43.977x+ 19,528.57. Complete parts a and b. Issues, x 424 457 695 500 499 379 55 74 180 158 Proceeds, 18,716 29,004 42,559 30,325 67,231 65,155 21,100 12,473 31,455 27,712 (a) Find the coefficient determination and interpret the result. 0.256 (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.

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...
icon
Related questions
Question
100%
How can the coefficient of determination be interpreted?
The number
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 = 43.977x + 19,528.57. Complete parts a and b.
Issues, x
424
457
695
500
499
379 55
74
180
158
Proceeds,
18,716 29,004 42,559 30,325 67,231 65,155 21,100 12,473 31,455 27,712
(a) Find the coefficient of determination and interpret the result.
0.256
(Round to three decimal places as needed.
How can the coefficient of determination be interpreted?
The coefficient of determination is the fraction of the variation
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.
issues. The remaining fraction of the variation is unexplained and is due to other factors or to sampling error.
The coefficient of determination is the fraction of the variation in proceeds that can be explained by the variation
Transcribed Image Text:The number 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 = 43.977x + 19,528.57. Complete parts a and b. Issues, x 424 457 695 500 499 379 55 74 180 158 Proceeds, 18,716 29,004 42,559 30,325 67,231 65,155 21,100 12,473 31,455 27,712 (a) Find the coefficient of determination and interpret the result. 0.256 (Round to three decimal places as needed. How can the coefficient of determination be interpreted? The coefficient of determination is the fraction of the variation 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. issues. The remaining fraction of the variation is unexplained and is due to other factors or to sampling error. The coefficient of determination is the fraction of the variation in proceeds that can be explained by the variation
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning