Question

HW Score: 73.53%, 12.5 of 1 Score: 0 of 1 pt 14 of 17 (13 complete) Question Help 9.3.21 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% interval for the proceeds when the number of issues is 584. The equation of the regression line is y-34679x 16,992.040. 413 461 692 480 481 379 58 5 197 160 19968 28,089 44,098 31,016 37,057 36,891 21,148 10,021 30,686 28,057 Proceeds, y Construct and interpret a 95% prediction interval for the proceeds when the number of issues s 584. Select the correct choice below and fill in the answer boxes to complele your choice. Round to the nearest million dollars as needed. Type your answer in standard form where "3.12 million means 3,120.000.) A. We can be 95% confident that when there are 584 issues, the proceeds will be between S. B. There is a 95% chance that the predicted proceeds given 584 issues is between $ and and SM.

Answer 1

Here we have data:

Issues,x	Proceeds,Y
413	19968
461	28089
692	44098
480	31016
481	37057
379	36891
58	21148
56	10021
197	30686
160	28057

Regression Statistics
Multiple R	0.743171703
R Square	0.552304181
Adjusted R Square	0.496342203
Standard Error	6962.790808
Observations	10
ANOVA
	df	SS	MS	F	Significance F
Regression	1	478466982.3	478466982.3	9.869275651	0.013773171
Residual	8	387843646.6	48480455.83
Total	9	866310628.9
	Coefficients	Standard Error	t Stat	P-value	Lower 95%	Upper 95%	Lower 95.0%
Intercept	16992.03962	4329.503542	3.924708562	0.004389224	7008.186551	26975.892691	7008.186551
X Variable 1	34.67888771	11.03881665	3.141540331	0.013773171	9.223330868	60.13444	9.223330868

Correct option "A"

We can be 95% confident that when there are 584 issues, the processed will be between $7008.186551 and $26975.892691