Annual Revenue million of dollars Franchise value of dollars 244 486 154 237 206 439 171 165 202 330 248 636 241 478
Annual Revenue million of dollars Franchise value of dollars 244 486 154 237 206 439 171 165 202 330 248 636 241 478
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.FOM: Focus On Modeling: Fitting Lines To Data
Problem 6P
Related questions
Question
100%
|
Annual Revenue million
of dollars
|
Franchise value of dollars
|
|
---|---|---|---|
|
244
|
486
|
|
|
154
|
237
|
|
|
206
|
439
|
|
|
171
|
165
|
|
|
202
|
330
|
|
|
248
|
636
|
|
|
241
|
478
|
|
|
257
|
656
|
|
|
189
|
330
|
|
|
247
|
589
|
|
|
235
|
428
|
|
|
259
|
635
|
|
|
164
|
174
|
|
|
178
|
190
|
|
|
243
|
630
|
|
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.
d. Predict the mean franchise value (in millions of dollars) of a sports team that generates $250 million of annual revenue.
Yi=$_______million (Round to the nearest integer as needed.)
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