The table below shows the numbers of new-vehicle sales (in thousands) for Company 1 and Company 2 for 11 years. Construct and interpret a 95% prediction interval for new-vehicle sales for Company 2...


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The table below shows the numbers of new-vehicle sales (in thousands) for Company 1 and Company 2 for 11 years. Construct and interpret a 95% prediction interval for new-vehicle sales for Company 2 when the number of new vehicles sold by Company 1 is 2617 thousand. The equation of the regression line is y= 1.202x + 436.910.<br>Company 1, x<br>Company 2, y<br>4074<br>3959<br>3572<br>3435<br>3282<br>3061<br>2890<br>2513<br>1939<br>1609<br>1912<br>4911<br>4829<br>4814<br>4731<br>4670<br>4497<br>4050<br>3803<br>2927<br>2080<br>2249<br>Construct and interpret a 95% prediction interval for new-vehicle sales for Company 2 when the number of new vehicles sold by Company 1 is 2617 thousand. Select the correct choice below and fill in the answer boxes to complete your choice.<br>(Round to the nearest cent as needed.)<br>O A. We can be 95% confident that when the new-vehicle sales for Company 1 is 2617 thousand, the new-vehicle sales for Company 2 will be between<br>and<br>thousand.<br>O B. There is a 95% chance that the predicted new-vehicle sales for Company 2 is between<br>and<br>thousand, given that the new-vehicle sales for Company 1 is 2617 thousand.<br>

Extracted text: The table below shows the numbers of new-vehicle sales (in thousands) for Company 1 and Company 2 for 11 years. Construct and interpret a 95% prediction interval for new-vehicle sales for Company 2 when the number of new vehicles sold by Company 1 is 2617 thousand. The equation of the regression line is y= 1.202x + 436.910. Company 1, x Company 2, y 4074 3959 3572 3435 3282 3061 2890 2513 1939 1609 1912 4911 4829 4814 4731 4670 4497 4050 3803 2927 2080 2249 Construct and interpret a 95% prediction interval for new-vehicle sales for Company 2 when the number of new vehicles sold by Company 1 is 2617 thousand. Select the correct choice below and fill in the answer boxes to complete your choice. (Round to the nearest cent as needed.) O A. We can be 95% confident that when the new-vehicle sales for Company 1 is 2617 thousand, the new-vehicle sales for Company 2 will be between and thousand. O B. There is a 95% chance that the predicted new-vehicle sales for Company 2 is between and thousand, given that the new-vehicle sales for Company 1 is 2617 thousand.

Jun 04, 2022
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