Answer Happy

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=48.110x+18,232.00. Complete parts a and b. Issues, x 413 473 684 497 491 396 55 58 184 153 Proceeds, 19,281 28,221 44,167 32,393 65,815 65,073 21.062 10,003 32 072 28,000 y (a) Find the coefficient of determination and interpret the result (Round to three decimal places as needed.) Cocc
How can the coefficient of determination be interpreted? O The coefficient of determination is the traction of the variation in proceeds that can be explained by the variation in and he remania acon of the variation is unexplained and is due to other factors or to sampling error an ance The remaining The coefficient of determination is the (the variation in proceeds that is unexplained and is due to than hectore or traction of the variation is explained by the variation in issues (b) Find the standard error of estimates, and interpret the result. (Round to three decimal places as needed.) How can the standard error of estimate be interpreted? O The standard error of estimate of the issues for a specific number of procends is about a million dolline The standard error of estimate of the proceeds for a specific number of issues le about son does