During an audit of Beaver Company. lackson Auditing Firm is attempting to determine notable items related to inventory, In order to assist with this, Jacksor's auditing team has compiled the necessary historical data and conducted a regression analysis in order to attempt to identity ary notable items. The Audit Senior in charge of the audit of Beaver Compary has decided to set a prediction interval of 95%. Which of the following statements is true? Any value that falls within this prediction interval represents a notable item and will need to be irvestigated by the audit team Any value that falls outside of this prediction interval should be ignored as outliers ate not relevant to the atidit. Any yalue that falls outside of the prediction interval should be noted and referred to senior management for irvestigation and assurances as to its legitimacy. Ariy valoe that falls outside of the pecediction interval represents a notable item, and the auditor mist determine the heglimacy of the item