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 598. The equation of the regression line is y = 33.453x + 17,216.468. Issues, x Proceeds, y 181 174 402| 464 679| 477| 493 |19,952|29,656 42,875 30,776 35,696|35,939 20,453 11,183 31,226|27,749| 394 51 73 Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 598. 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 598 issues, the proceeds will be between $ and $ O B. There is a 95% chance that the predicted proceeds given 598 issues is between $ and $

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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 table.
Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 598. The equation of the regression line is
y = 33.453x + 17,216.468.
Issues, x
Proceeds, y
174 e
19,952 29,656 42,875 30,776 35,696 35,939 20,453 11,183 31,226 27,749
402
464 679 477 493 394
51
73
181
.....
Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 598.
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 598 issues, the proceeds will be between $
and $
O B. There is a 95% chance that the predicted proceeds given 598 issues is between $
and $
Transcribed Image Text: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 598. The equation of the regression line is y = 33.453x + 17,216.468. Issues, x Proceeds, y 174 e 19,952 29,656 42,875 30,776 35,696 35,939 20,453 11,183 31,226 27,749 402 464 679 477 493 394 51 73 181 ..... Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 598. 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 598 issues, the proceeds will be between $ and $ O B. There is a 95% chance that the predicted proceeds given 598 issues is between $ and $
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