solve part D.

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. a. Construct a scatter plot. Choose the correct graph below. O A. O B. VC O D. 300- Q 900- Annual Revenue ($M) Franchise Value ($M) Franchise Value ($M) Annual Revenue ($M) 300 900 300 900 Annual Revenue ($M) Franchise Value ($M) Annual Revenue ($M) Franchise Value ($M) b. Use the least-squares method to determine the regression coefficients bo and by . bo = - 508.05 b1 = 4.19 (Round to two decimal places as needed.) c. Interpret the meaning of bo and b, in this problem. Choose the correct answer below. A. The Y-intercept, bo, implies when the annual revenue is zero, the franchise value is bo, in millions dollars. The slope, by, implies the revenue is equal to by, in millions of dollars. O B. The Y-intercept, bo, implies that if the annual revenue is zero, the franchise value is equal to the value of bo, in millions of dollars. The slope, by, implies that the average franchise value is equal to by, in millions of dollars. O C. The Y-intercept, bo, implies that if the annual revenue is zero, the franchise value is equal bo, in millions of dollars. The slope, b,, implies that for each increase of 1 million dollars in annual revenue, the franchise value is expected to decrease by by, in millions of dollars. D. An interpretation of the Y-intercept, bo, is not meaningful because no sports franchise is going to have a revenue of zero. The slope, b, , implies that for each increase of 1 million dollars in annual revenue, the franchise value is expected to increase by b,, in millions of dollars. d. Predict the mean franchise value (in millions of dollars) of a sports team that generates $250 million of annual revenue. i Franchise Value and Annual Revenue - X Y, = $ million (Round to the nearest integer as needed.) Annual Revenue Franchise Value millions o millions of dollars dollars 278 728 206 342 183 242 270 606 255 595 194 229 275 701 268 511 166 207 165 256 242 445 189 332 193 229 158 160 236 545