Reference no: EM13891346

The number of initial public offerings of stock issued in a 10-year period and the total proceeds of these offerings ("n millions) are shown in the table.

Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 578. The equation of the regression line is y = 32.518x + 18,135.782.

Issues, x	420	456	680	494	497	377	65	72	196	162
Proceeds, y	19,476	29,693	43,699	31,663	37,271	36,694	21,820	11,700	30,579	29,943

Construct and interpret a 95% prediction interval fo the proceeds when the number of issues is 578.

Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest million dollars as needed.)

A We can be 95% confident that when there are 578 issues, the proceeds will be between $____ and $____

B There is a 95% chance that the predicted proceeds given 578 issues is between $____ and $____.