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Luther Industries sold 10 million shares of stock in an SEO.The market price of Luther at the time was $25 per share.Of the 10 million shares sold,6 million shares were primary shares being sold by the company,and the remaining 4 million shares were being sold by venture capitalists.Luther's underwriter charges 5% of the gross proceeds as an underwriting fee.
-How much money did Luther raise?
Chi-square Test
A statistical test used to determine if there is a significant difference between the expected frequencies and the observed frequencies in one or more categories.
Distribution
Refers to the way in which something is shared out or spread across a range, often used in reference to statistical data.
Two Variables
Refers to studies or analyses that involve examining the relationships or interactions between two different variables.
Test of Independence
A statistical technique that identifies whether there is a meaningful relationship between two variables of categorical type.
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