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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 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 a interpret a 95% prediction interval for the proceeds when the number of issues is 611. The equation of the regression line is y = 30.669x + 18,696.375. issues, x 416 475 698 494 480 382 51 52 182 175 Proceeds, y 18,017 29,297 44,566 30,924 36, 181 37,286 22,270 12,449 30,880 29,523 Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 611. 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. We can be 95% confident that when there are 611 issues, the proceeds will be between $ and $ O B: There is a 95% chance that the predicted proceeds given 611 issues is between $ and $
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