The value of a sports franchise is directly related to the amount of revenue that a franchise can generate. The data below gives the value and the annual revenue for 15 major sport teams. The results are displayed in the accompanying table, and the regression equation and other values are shown below. Use this information to complete parts (a) through (c) below. == n n n - 558.9151 +4.6588X,;, & Y, = 6,147, Y = 3,031,751, E X,Y = 1,383,608 i=1 Click the icon to view the data table. i=1 i=1 Data table - a. Determine the coefficient of determination, r, and interpret its meaning. = (Round to four decimal places as needed.) Annual Revenue (millions of dollars) Franchise Value (millions of dollars) 266 706 160 168 266 649 176 279 169 272 222 467 268 713 208 381 172 292 161 229 236 520 201 334 243 634 204 330 167 173 Print Done