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 640. The equation of the regression line is y = 34.756x + 16,820.956. 491 394 17,882 29,841 44,824 31,826 36,848 35,868 20,763 10,922| 30,955 28,561 Issues, x Proceeds, y 423 468 690| 494 74 62| 186 173 O Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 640. 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 640 issues, the proceeds will be between S and s O B. There is a 95% chance that the predicted proceeds given 640 issues is between S and S

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter4: Equations Of Linear Functions
Section4.6: Regression And Median-fit Lines
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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 640. The equation of the regression line is y=34.756x + 16,820.956.
Issues, x
Proceeds, y
423
468
690
494
491
394
74
62
186
173 e
17,882 29,841 44,824 31,826 36,848 35,868 20,763 10,922 30,955 28,561
Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 640.
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 640 issues, the proceeds will be between $
and $
O B. There is a 95% chance that the predicted proceeds given 640 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 640. The equation of the regression line is y=34.756x + 16,820.956. Issues, x Proceeds, y 423 468 690 494 491 394 74 62 186 173 e 17,882 29,841 44,824 31,826 36,848 35,868 20,763 10,922 30,955 28,561 Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 640. 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 640 issues, the proceeds will be between $ and $ O B. There is a 95% chance that the predicted proceeds given 640 issues is between $ and $
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