(b) Estimate the least squares linear equation for R&D Expense on Assets. Interpret the fitted intercept and slope. Be sure to include their units. Note ifeither estimate represents a large extrapolation and is consequently not reliable.Complete the equation for the fitted line below.Estimated R&D Expense ($000,000) =.....+.....Assets ($000,000) 不For 26 companies operating in several technology industries, the accompanying data gives the expenses on research and development (R&D) and the totalassets of the companies. Both values are reported in millions of dollars. Complete parts a through e below.Data TableAssets2,355.0113,572.1961,654.756474.2613,468.9792,999.1381,745.197225.588185.109726.6233,699.7761,493.3571,756.779R&D Expense260.485395.473157.64650.514348.105265.869185.62528.09723.16471.031318.824146.574162.297Assets7,430.8471,039.1621,994.345700.1842,840.6853,363.8989,089.953117.861617.876416.6021,486.371557.5162,611.917R&D Expense651.428117.302212.34673.132307.546341.672960.02817.19656.75346.645146.78863.489230.125Full data setPeeRATIONS-MINIXcceptable.ope. Be sure to include their units. Note if (c) Interpret the summary values and se associated with the fitted equation. Attach units to these summary statistics as appropriate. Does the value of 2seem fair to you as a characterization of how well the equation summarizes the association?2=withSewith(Round to three decimal places as needed.)

Given information: The data represents the values of the variables Assets and R&D Expense.

For 26 companies operating in several technology industries, the accompanying data gives the expenses on research and development (R&D) and the totall assets of the companies. Both values are reported in millions of dollars. Complete parts a through e below. Data Table - X

For 26 companies operating in several technology industries, the accompanying data gives the expenses on research and development (R&D) and the totall assets of the companies. Both values are reported in millions of dollars. Complete parts a through e below. Data Table - X

Trigonometry (MindTap Course List)

10th Edition

ISBN:9781337278461

Author:Ron Larson

Publisher:Ron Larson

ChapterP: Prerequisites

SectionP.3: The Cartesian Plane And Graphs Of Equations

Problem 7ECP

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Question

(b) Estimate the least squares linear equation for R&D Expense on Assets. Interpret the fitted intercept and slope. Be sure to include their units. Note if either estimate represents a large extrapolation and is consequently not reliable. Complete the equation for the fitted line below. Estimated R&D Expense ($000,000) =.....+.....Assets ($000,000)