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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

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