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

648.

The equation of the regression line is

y=32.461x+17,652.741.

Issues, x

404

472

686

477

488

397

56

57

179

163

Proceeds, y

18,647

29,667

44,234

30,606

35,446

35,143

20,733

12,209

31,733

27,796

Question content area bottom

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

648.

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.)

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