Question: In problem 12.8 on page 446, you predicted the value of a baseball franchise, based on current revenue. The data are stored in bbValues .

In problem 12.8 on page 446, you predicted the value of a baseball franchise, based on current revenue. The data are stored in bbValues .

a. Construct a 95% confidence interval estimate of the mean value of all baseball franchises that generate $250 million of annual revenue.

b. Construct a 95% prediction interval of the value of an individual baseball franchise that generates $250 million of annual revenue.

c. explain the difference in the results in

(a) and (b).

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