SOLUTION: 10. James Profit wants to take National Widget Company public. He is interested in the relationship between the size of the initial public offering and the price per share. A sam

Question 136636: 10. James Profit wants to take National Widget Company public. He is interested in the relationship between the size of the initial public offering and the price per share. A sample of 10 companies that recently went public revealed the following information:
size ($millions) price per share
9.0 10.0
13.0 12.4 a. The regression equation is: __________
11.0 10.5
14.0 12.8 b. The coefficient of correlation is: ______
8.0 13.6
9.0 11.5 c. The coefficient of determination is: ____
10.0 14.2
12.0 9.7 d. What would Y equal if X equals13? ______
10.0 12.3
7.0 9.6

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
James Profit wants to take National Widget Company public. He is interested in the relationship between the size of the initial public offering and the price per share. A sample of 10 companies that recently went public revealed the following information:
size ($millions) price per share
9.0 10.0
13.0 12.4 a. The regression equation is: price = 0.13197(size)+10.3007
11.0 10.5
14.0 12.8 b. The coefficient of correlation is: r = 0.176399
8.0 13.6
9.0 11.5 c. The coefficient of determination is: ???
10.0 14.2
12.0 9.7 d. What would Y equal if X equals13? f(13) = 93
10.0 12.3
7.0 9.6
================
Cheers,
Stan H.

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