The number of initial public offerings of stock issued in a 10-year period and the total proceeds of these offerings (in millions) are shown in the table. The equation of the regression line is ŷ = 48.372x+18,376.0 Complete parts a and b. Issues, x 406 471 676 500 479 394 67 68 198 152 Proceeds, 19,107 29,653 44,623 30,769 65,625 66,876 21,238 12,261 30,947 27,659 y (a) Find the coefficient of determination and interpret the result. (Round to three decimal places as needed.)

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