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.

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 3| 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. a Click the icon to view the table of franchise values and annual revenues. 0 Franchise Value and Annual Revenue a. Construct a scatter plot. Choose the correct graph below. A B .V c E g 3 Annual Revenue Franchise Value 3 :9; 9; (millions of (millions of g g g iiiiii dollars) dollars) E E g 278 728 f3 T; ' ' 5:; 206 342 E o 300 E o 900 E 183 242 Annual Revenue ($M) Franchise Value ($M) Annual Revenue ($M) 270 606 255 595 b. Use the least-squares method to determine the regression coefcients b0 and D1. 194 229 275 701 b0 = 268 511 b1 = 166 207 (Round to two decimal places as needed.) 2:: :2: 189 332 193 229 158 160 236 545