Question

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=48.259x+18,522.94.

Complete parts a and b.

 

​Issues, x	416	452	679	498	488	395	65	75	191	172
​Proceeds, y	19,772	29,699	43,048	32,089	66,446	66,250	21,348	12,318	32,097	27,738

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

 

nothing

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