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.

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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. 

Franchise value and annual revenue
Annual Revenue
Franchise Value
(millions of
dollars)
(millions of
dollars)
202
479
230
612
174
337
176
350
218
403
279
871
240
646
279
763
192
361
156
200
240
520
224
621
266
648
179
256
265
725
Print
Done
Transcribed Image Text:Franchise value and annual revenue Annual Revenue Franchise Value (millions of dollars) (millions of dollars) 202 479 230 612 174 337 176 350 218 403 279 871 240 646 279 763 192 361 156 200 240 520 224 621 266 648 179 256 265 725 Print Done
D.
900+
0+
300
Annual Revenue ($M)
Franchise Value ($M)
Transcribed Image Text:D. 900+ 0+ 300 Annual Revenue ($M) Franchise Value ($M)
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