[Steps Shown] Mr. William Profit is studying companies going public for the first time. He is particularly interested in the relationship between the size
Question: 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.
- 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?
Deliverable: Word Document 
(All Steps) $uper Markets, Inc. is considering expanding into
![[Step-by-Step] The amounts spent in vending machines](/images/solutions/MC-solution-library-40019.jpg "[Step-by-Step] The amounts spent in vending machines in the United")
[Step-by-Step] The amounts spent in vending machines in the United
![[See Steps] Sally’s Software, Inc. is a](/images/solutions/MC-solution-library-40020.jpg "[See Steps] Sally’s Software, Inc. is a rapidly growing supplier")
[See Steps] Sally’s Software, Inc. is a rapidly growing supplier
(See) The sales, in billions of dollars, of Keller Overhead Door,
(See Solution) Fry Brothers Heating and Air Conditioning, Inc. employs
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