Business, 07.12.2021 01:30 bigemma03

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. SizePrice SizePrice
($ millions),per Share, ($ millions),per Share,
CompanyXYCompanyXY
19.0 10.8 9 160.7 11.3
294.4 11.3 10 96.5 10.6
327.3 11.2 11 83.0 10.5
4179.2 11.1 12 23.5 10.3
571.9 11.1 13 58.7 10.7
697.9 11.2 14 93.8 11.0
793.5 11.0 15 34.4 10.8
870.0 10.7
(a) Determine the regression equation. (Round your answers to 4 decimal places.)
(b-1) State the decision rule for .05 significance level: H0:? ? 0 H1:? > 0. (Round your answer to 3 decimal places.)
(b-2) Compute the value of the test statistic. (Round your answer to 2 decimal places.)
(b-3) Can we conclude that the slope of the regression line is positive? Use the .05 significance level.
(c)Determine the coefficient of determination. (Round your answer to 4 decimal places.)

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Mr. William Profit is studying companies going public for the first time. He is particularly interes...

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