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 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 606. The equation of the regression line is ^y=33.761x+17,006.677.
Issues, x=401,466,678,476,500,378,69,70,198,151
Proceeds, y=18299,29315,42860,31640,35387,37035,21427,10184,30069,28199
Construct and interpret a 95% prediction interval for the proceeds when the number of issues is
606.
Select the correct choice below and fill in the answer boxes to complete your choice.
There is a 95% chance that the predicted proceeds given 606
issues is between $ and $
B.We can be 95% confident that when there are 606 issues, the proceeds will be between
$ and $
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