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 569.The equation of the regression line is y=32.409x+17,285.501. Issues, x4104676794994973946253189174 Proceeds, y18,22328,06643,75731,33735,48835,31222,18010,66030,38428,416Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 569. 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. There is a 95% chance that the predicted proceeds given 569issues is between $____ and $____. B. We can be 95% confident that when there are 569 issues, the proceeds will be between $____ and $____.

Answered: The number of initial public offerings…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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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 569.The equation of the regression line is y=32.409x+17,285.501.

Issues, x	410	467	679	499	497	394	62	53	189	174
Proceeds, y	18,223	28,066	43,757	31,337	35,488	35,312	22,180	10,660	30,384	28,416

Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 569.

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. There is a 95% chance that the predicted proceeds given 569

issues is between $____ and $____.

B. We can be 95% confident that when there are 569 issues, the proceeds will be between $____ and $____.

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