Question: In Problem 13.8 on page 531, you predicted the value of a baseball franchise, based on current revenue. The data are stored in BBRevenue. a.

In Problem 13.8 on page 531, you predicted the value of a baseball franchise, based on current revenue. The data are stored in BBRevenue.
a. Construct a 95% confidence interval estimate of the mean value of all baseball franchises that generate $200 million of annual revenue.
b. Construct a 95% prediction interval of the value of an individual baseball franchise that generates $200 million of annual revenue.
c. Explain the difference in the results in (a) and (b).

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