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b. Develop the estimated regression equation that could be used to predict the percentage of successful drilling completions, given the core fracture ratio. 1. What is the regression equation? Explain it. 2. What is R-square and what does it tell you? 3. What does the P value of the core fracture ratio tell us? 4. Explain what proportion of the variable in the sample values to the proportion of successful drilling projects does this model explain? 5. What is the implication of this regression model to management (the big question)? Provide objective evidence graphs as appropriate

Well	District	Slant Rate Differential	Core Fracture Ratio	Successful Drilling Completion %
Alcorn #3	Central Pavilion	6.5	0.040	33.7
Crying Hats 8	East Pavilion	7.2	0.028	61.1
Trail End 3	East Pavilion	7.4	0.033	37.3
Antelopes 8	East Pavilion	6.2	0.026	25.9
Meteor Show 2	East Pavilion	7.2	0.024	61.7
Horse Corral 3	East Pavilion	8.8	0.014	92.7
Striking It Rich 2	East Pavilion	7.4	0.019	62.7
Striking It Rich 4	Central Pavilion	5.7	0.027	12.3
Friends 2	East Pavilion	4.6	0.032	32.0
Three Sisters 5	East Pavilion	5.8	0.033	18.4
Striking It Rich 6	East Pavilion	8.3	0.020	78.3
Dark Canyon 2	East Pavilion	8.1	0.021	72.3
Shadow House 4	East Pavilion	7.2	0.041	50.1
Campfire 2	East Pavilion	6.5	0.014	79.8
Starry Night 7	South Pavilion	6.9	0.024	56.1
Warrior 3	Central Pavilion	6.4	0.041	31.3
Warrior 4	Central Pavilion	6.5	0.047	41.1
Red Door 3	East Pavilion	6.2	0.043	52.0
Starry Night 9	South Pavilion	6.7	0.022	55.7