Question

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. Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 659. The equation of the regression line is y 31.924x + 18,214.747 Issues, X Proceeds, y 405 464 687 478 484 376 63 68 190152 18,65929,647 44,029 30,813 36,833 35,394 22,253 12,010 31,387 28,611 Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 659. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest million dollars as needed. Type your answer in standard form where "3.12 million" means 3,120,000.) O A. There is a 95% chance that the predicted proceeds given 659 issues is between $ and $ _ B. We can be 95% confident that when there are 659 issues, the proceeds will be between $1 and $

Answer 1