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=48.181x+18,007.51.

Complete parts a and b.

Issues, x	409	473	694	476	499	387	75	67	178	169
Proceeds, y	17,971	27,818	43,939	32,162	66,226	65,301	21,875	10,695	31,613	27,591

Question content area bottom

Part 1

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

enter your response here

(Round to three decimal places as needed.)

Part 2

How can the coefficient of determination be interpreted?

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.

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.

Part 3

(b) Find the standard error of estimate

se

and interpret the result.

enter your response here

(Round to three decimal places as needed.)

Part 4

How can the standard error of estimate be interpreted?

The standard error of estimate of the issues for a specific number of proceeds is about

se

million dollars.

The standard error of estimate of the proceeds for a specific number of issues is about

se

million dollars.