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A10. The value of a sports franchise is directly related to the amount of revenue that a franchise can generate. The accompanying data table gives
A10. 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.
Values and Annual Revenue's Table
Annual_Revenue_(millions_of_dollars) | Franchise_Value_(millions_of_dollars) |
207 | 526 |
215 | 487 |
187 | 442 |
174 | 397 |
225 | 624 |
238 | 638 |
204 | 425 |
200 | 578 |
179 | 451 |
202 | 589 |
259 | 831 |
245 | 663 |
157 | 172 |
247 | 781 |
166 | 307 |