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
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 |
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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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