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    regression equation. coefficient of determination

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    Mr. William Profit is studying companies going public for the first time. He is particularly interested in the relationship between the size of the offering and the price per share. A sample of 15 companies that recently went public revealed the following information.

    Company Size ($ millions), X Price per Share, Y Company Size ($ millions), X Price per Share Y
    1
    9.0
    10.8
    9
    160.7
    11.3

    2
    94.4
    11.3
    10
    96.5
    10.6

    3
    27.3
    11.2
    11
    83.0
    10.5

    4
    179.2
    11.1
    12
    23.5
    10.3

    5
    71.9
    11.1
    13
    58.7
    10.7

    6
    97.9
    11.2
    14
    93.8
    11.0

    7
    93.5
    11.0
    15
    34.4
    10.8

    8
    70.0
    10.7

    Determine the regression equation.
    Determine the coefficient of determination. Do you think Mr. Profit should be satisfied with using the size of the offering as the independent variable?

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    https://brainmass.com/statistics/regression-analysis/regression-equation-coefficient-of-determination-84887

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    Sr. No Company Size($ Millions)(Y) Price Per ...

    Solution Summary

    This solution helps estimate a regression equation and a coefficient of determination.

    $2.19

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