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 = 45.384x + 19,413.68. Complete parts a and b. Issues, x 423 451 683 489 493 383 56 74 191 160 Proceeds, 18,277 28,840 42,745 30,712 67,361 66,524 22,446 11,855 32,018 27,802 (a) Find the coefficient of determination and interpret the result. 0.252 (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 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. (b) Find the standard error of estimate s, and interpret the result. Round to three decimal places as needed.) Question Viewer