The data in the following table show the number of shares selling (millions) and the expected price
Question:
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a. Develop an estimated regression equation with the number of shares selling as the independent variable and the expected price as the dependent variable.
b. At the .05 level of significance, is there a significant relationship between the two variables?
c. Did the estimated regression equation provide a good fit? Explain.
d. Use the estimated regression equation to estimate the expected price for a firm considering an initial public offering of 6 million shares.
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Step by Step Answer:
a The Minitab output is shown below The regression equation ...View the full answer
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Related Book For 
Statistics For Business And Economics
ISBN: 9780538481649
11th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
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