The number of initial public offerings of stock issued in a?10-year period and the total proceeds of these offerings? (inmillions) are shown in the table. Construct and interpret a? 95%prediction interval for the proceeds when the number of issuesis
585.
The equation of the regression line is
ModifyingAbove y with caret equals 33.634 x plus 17 comma224.539y=33.634x+17,224.539.
?Issues, x | 404 | 453 | 679 | 483 | 479 | 394 | 50 | 73 | 175 | 175 | |
|---|
?Proceeds, y | 19,308 | 29,108 | 43,643 | 31,033 | 35,712 | 35,665 | 21,501 | 10,090 | 31,384 | 27,981 |
|---|
Construct and interpret a? 95% prediction interval for theproceeds when the number of issues is
585.
Select the correct choice below and fill in the answer boxes tocomplete your choice.
?(Round to the nearest million dollars as needed. Type youranswer in standard form where? "3.12 million" means?3,120,000.)
A.We can be? 95% confident that when there are 585 issues, theproceeds will be between $____ and ?$____.
B.There is a? 95% chance that the predicted proceeds given 585issues is between ?$____ and ?$____.
