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3. The value of a sports franchise is directly related to the amount of revenue that a franchise can generate. The accompanying data table gives
3. The value of a sports franchise is directly related to the amount of revenue that a franchise can generate. The accompanying data table gives the value and the annual revenue for 15 major sport teams. Suppose you want to develop a simple linear regression model to predict franchise value based on annual revenue generated. Complete parts (a) through (e) below.
Click the icon to view the table of franchise values and annual revenues