You used annual revenues to predict the value of a baseball franchise. The data are stored in

Question:

You used annual revenues to predict the value of a baseball franchise. The data are stored in BBRevenue2012. Use the results of that problem.
a. At the 0.05 level of significance, is there evidence of a linear relationship between annual revenue and franchise value?
b. Construct a 95% confidence interval estimate of the population slope, β1.
For Information: Problem 13.8