AskMen.com published statistics on the richest sports organizations in the world showing the market value and the revenues in millions of dollars in a recent calendar year. A sample taken from that list includes:

a. As a sports enthusiast you want to determine if a team's market value is related to the revenues it generates. Estimate the regression model using revenues to predict values.

b. Set α at 5% and determine if the model you have developed is significant.

c. Test the level of significance at the 10% alpha-value

d. How significant are your findings? How does this relate to your answers in parts B and C?

e. In your anticipation to buy a sports team, what is your 90%
confidence interval of the price you might have to pay to do so if its revenues are 200?

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Team New York Rangers Dallas Stars Manchester United Real Madrid Ferrari Toyota Washington Redskins Dallas Cowboys Sport Hockey Hockey Soccer Soccer Racing Racing Football Football Market Values 272 270 312 293 514 171 952 151 Revenues 113 108 177 157 250 150 227 198