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 587. The equation of the regression line is y = 32.454x + 17,727.643. 498 383 19,976 28,472 44,105 31,788 35,408 36,314 20,605|10,019 32,012 28,955 Issues, x 415 472 687 497 178 50 63 158 Proceeds, Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 587. 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. There is a 95% chance that the predicted proceeds given 587 issues is between $ and $ O B. We can be 95% confident that when there are 587 issues, the proceeds will be between $ and $
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 587. The equation of the regression line is y = 32.454x + 17,727.643. 498 383 19,976 28,472 44,105 31,788 35,408 36,314 20,605|10,019 32,012 28,955 Issues, x 415 472 687 497 178 50 63 158 Proceeds, Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 587. 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. There is a 95% chance that the predicted proceeds given 587 issues is between $ and $ O B. We can be 95% confident that when there are 587 issues, the proceeds will be between $ and $
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section: Chapter Questions
Problem 9SGR
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Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 587.(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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