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(e) Assuming a linear relationship, compute the regression coefficients bo and b1. (f) Interpret the meaning of the y intercept, bo, and the slope, b1,
(e) Assuming a linear relationship, compute the regression coefficients bo and b1. (f) Interpret the meaning of the y intercept, bo, and the slope, b1, in this problem. (g) Predict the mean value of a franchise that generates $150 million of annual revenue.
USE THIS DATA
Team | Revenue ($mil) | Value ($mil) |
Manchester United | 765 | 3689 |
Real Madrid | 688 | 3580 |
Arsenal | 520 | 1932 |
Barcelona | 688 | 3636 |
Bayern Munich | 657 | 2713 |
Liverpool | 448 | 1492 |
AC Milan | 238 | 802 |
Juventus | 379 | 1258 |
Chelsea | 497 | 1845 |
inter Milan | 199 | 537 |
Schalke 04 | 249 | 629 |
Tottenham Hotspur | 310 | 1058 |
Paris Saint-Germain | 578 | 841 |
West Ham United | 213 | 634 |
Atletico de Madrid | 254 | 732 |
Leisester City | 191 | 413 |
AS Roma | 242 | 569 |
Borussia Dortmund | 315 | 808 |
Manchester City | 583 | 2083 |
Napoli | 158 | 379 |
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