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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?

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