We analyze HST/STIS spectra (see Paper I) of the central region of the dense
globular cluster M15. We infer the velocities of 64 individual stars,
two-thirds of which have their velocity measured for the first time. This
triples the number of stars with measured velocities in the central 1 arcsec of
M15 and doubles the number in the central 2 arcsec. Combined with existing
ground-based data we obtain the radial profiles of the projected kinematical
quantities. The RMS velocity sigma_RMS rises to 14 km/s in the central few
arcsec, somewhat higher than the values of 10-12 km/s inferred previously from
ground-based data. To interpret the results we construct dynamical models based
on the Jeans equation, which imply that M15 must have a central concentration
of non-luminous material. If this is due to a single black hole, then its mass
is M_BH = (3.9 +/- 2.2) x 10^3 solar masses. This is consistent with the
relation between M_BH and sigma_RMS that has been established for galaxies.
Also, the existence of intermediate-mass black holes in globular clusters is
consistent with several scenarios for globular cluster evolution proposed in
the literature. Therefore, these results may have important implications for
our understanding of the evolution of globular clusters, the growth of black
holes, the connection between globular cluster and galaxy formation, and the
nature of the recently discovered `ultra-luminous' X-ray sources in nearby
galaxies. Instead of a single black hole, M15 could have a central
concentration of dark remnants (e.g., neutron stars) due to mass segregation.
However, the best-fitting Fokker-Planck models that have previously been
constructed for M15 do not predict a central mass concentration that is
sufficient to explain the observed kinematics.[ABRIDGED]Comment: 43 pages, LaTeX, with 14 PostScript figures. Astronomical Journal, in
press (Dec 2002). Please note that the results reported here are modified by
the Addendum available at astro-ph/0210158 (Astronomical Journal, in press,
Jan 2003). This second version submitted to astro-ph is identical to first,
with the exception of the preceeding remar