(All Steps) Chapter 13: Exercise Number (48) Linear Regression and Correlation Mr. William Profit is studying companies going public for the first time.
Question: Chapter 13: Exercise Number (48)
Linear Regression and Correlation
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.
| Size | Price | Size | Price | |||
| ($millions) | per Share | ($ millions) | Per Share | |||
| Company | X | Y | Company | X | Y | |
| 1 | 9 | 10.8 | 9 | 160.7 | 11.3 | |
| 2 | 94.4 | 11.3 | 10 | 96.5 | 10.6 | |
| 3 | 27.3 | 11.2 | 11 | 83 | 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 | |
| 7 | 93.5 | 11 | 15 | 34.4 | 10.8 | |
| 8 | 70 | 10.7 | ||||
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