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i Franchise Value and Annual Revenue Х (millions of dollars) 192 246 278 202 255 194 280 272 161 210 231 266 175 217 171 (milThe value of a sports franchise is directly related to the amount of revenue that a franchise can generate. The accompanyingc. Interpret the meaning of bo and by in this problem. Choose the correct answer below. O A. An interpretation of the Y-intere. What would you tell a group considering an investment in a major sports team about the relationship between revenue and th

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Scatter plot 900 800 700 franchise value 600 500 400 300 200 100 0 0 50 100 150 200 250 300 annual revenue

X Y X^2 Y^2 XY
192 518 36864 268324 99456
246 720 60516 518400 177120
278 767 77284 588289 213226
202 528 40804 278784 106656
255 787 65025 619369 200685
194 533 37636 284089 103402
280 831 78400 690561 232680
272 835 73984 697225 227120
161 277 25921 76729 44597
210 596 44100 355216 125160
231 690 53361 476100 159390
266 815 70756 664225 216790
175 265 30625 70225 46375
217 611 47089 373321 132587
171 267 29241 71289 45657
3350 9040 771606 6032146 2130901

Page No.: Solution i b We have, EX= 3350, E7= 9040, Exl. 771606, Ey?6032146, EXY - 21309 1 Regression equation is, atba. wherNow, a = 7 by EI 9040 TS 7 602.67 D 513 33so 15 azidonost x = 223.33.vn uti ti asl 602.67 -4.78 X 223.33 -464.87 Regression 4d] To predict mean franchise value mean franchise value of sports team that generate 200 million of annul revenue. ġ 4.78 x -

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