The number of initial public offerings of stock issued in a 10-year period and t
ID: 3266899 • Letter: T
Question
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 the able construct an interpret a 5% prediction interval for the proceeds when the number of issues 558. The equation of the regression line is y = 34.146x + 17,112.536. Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 558. 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 558 issues, the proceeds will be between $ and $ B There is a 95% chance that the predicted proceeds given 558 issues is between $ and $Explanation / Answer
We can directly use here Excel for prediction interval.
Option B) There is 95% chance that the predicted proceeds given 558 issues is between $19,049 and $53,284