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 660. The equation of the regression line is ý = 30.707x + 18,113.286.
Issues, x
159
Proceeds, y
18,009 27,832 42,691 31,253 36,447 36,352 22,459 11,221 31,991 27,559
416
464
697
482
477
380
72
69
193
Construct and interpret a 95% prediction interval for the proceeds when the number of issues is 660.
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 standard form where "3.12 million" means 3,120,000.)
O A. We can be 95% confident that when there are 660 issues, the proceeds will be between $
and $
OB. There is a 95% chance that the predicted proceeds given 660 issues is between $ and $