Question: 3. The value of a sports franchise is directly related to the amount of revenue that a franchise can generate. The accompanying data table gives

3. 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. Complete parts (a) through (e) below.

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