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 646. The equation of the regression line isy=32.824x+17,659.242. Issues, x4184756834774923795951196154 Proceeds, y17,70328,60143,96631,68636,83336,91621,90810,31131,40728,337Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 646. 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 are646 issues, the proceeds will be between $____ and $____. B. There is a 95% chance that the predicted proceeds given 646 issues is between$____and $____.

GivenData of Issues and Proceeds as shown below The mean of X and Y are calculated as shown…

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

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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 646. The equation of the regression line is

y=32.824x+17,659.242.

Issues, x	418	475	683	477	492	379	59	51	196	154
Proceeds, y	17,703	28,601	43,966	31,686	36,833	36,916	21,908	10,311	31,407	28,337

Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 646.

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

646 issues, the proceeds will be between $____ and $____.

B. There is a 95% chance that the predicted proceeds given 646 issues is between

$____and $____.

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