# Question: Given the information in Exercise 15 12 determine and interpret the

Given the information in Exercise 15.12, determine and interpret the coefficients of correlation and determination for gross revenue versus the number of equity partners.

In exercise

For the top law firms in the world in terms of profit per equity partner, data file XR15012 lists the number of equity partners and the gross revenue ($ millions) for the most recent fiscal year. Given these data, determine the least-squares equation for predicting gross revenue on the basis of the number of equity partners, then interpret its slope.

In exercise

For the top law firms in the world in terms of profit per equity partner, data file XR15012 lists the number of equity partners and the gross revenue ($ millions) for the most recent fiscal year. Given these data, determine the least-squares equation for predicting gross revenue on the basis of the number of equity partners, then interpret its slope.

**View Solution:**## Answer to relevant Questions

For each of 10 popular prescription drugs, file XR15042 lists the retail price (in U.S. dollars) for the drug in several different countries, including the United States, Canada, Great Britain, and Australia. Determine and ...Based on sample data, the 95% confidence interval for the slope of the population regression line is found to be from 4.2 to 6.7. Based on this information, what is the most accurate statement that can be made about the ...In a regression analysis, the sum of the squared deviations between y and y-bar is SST = 200.0. If the sum of the squared deviations about the regression line is SSE = 40.0, what is the coefficient of determination? What is spurious correlation? Provide a real or hypothetical example where two variables might exhibit such a relationship. For high school seniors entering college, and for y = grade point average for the freshman year, x = Scholastic Aptitude Test score would tend to be directly related to y. Provide an example of another personal variable that ...Post your question