What conclusions can you reach about the Franchise Values of European Soccer teams and Annual Revenues (in $millions)? Write a report to interested stakeholders summarising your conclusions.

For the 'Annual Revenues' and the 'Franchise Values':

(a) Construct Histograms for each.

(b) Construct Boxplots for each.

(c) Compute Summary Statistics for each.

(d) Create a scatter plot for the 'Annual Revenues' and the 'Franchise Values'.

(e) Assuming a linear relationship, compute the regression coefficients b_oand b₁.

(f) Interpret the meaning of the y intercept, b_o, and the slope, b₁, in this problem.

(g) Predict the mean value of a franchise that generates $150 million of annual revenue.

(h) Compute the Coefficient of Determination, r², for the 'Annual Revenues' and the 'Franchise Values' and interpret its meaning.

(i) Perform a residual analysis on your results and evaluate the regression assumptions.

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