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

596.

The equation of the regression line is

y=32.273x+17,614.602.

Issues, x	419	466	698	484	480	383	66	72	183	164
Proceeds, y	17,624	29,477	43,725	30,917	36,930	35,529	21,468	10,824	30,816	29,048

Question content area bottom

Part 1

Construct and interpret a 95% prediction interval for the proceeds when the number of issues is

596.

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.)

A.

We can be 95% confident that when there are

596

issues, the proceeds will be between

$enter the response here

and

$enter the response here.

B.

There is a 95% chance that the predicted proceeds given

596

issues is between

$enter the response here

and

$enter the response here.