Please find b

chapter 13 Practice Problems Question 7, 13.3.20 HW Score: 45.33%, 9.07 of 20 points Part 3 of 4 Points: 0.2 of 1 Save Annual revenues were used to predict the current value of a MLB baseball team, using the accompanying data for a sample of 28 teams. The data are displayed in the accompanying table, and the regression equation and other values are shown below. Use this information to complete parts (a) through (c) below. Y = - 1071.3672 + 8.6555X,, _ Y, = 43,755, _ Y2 = 82,499,125, _ X,Y, = 14,889,375 i= 1 i =1 1 =1 Click the icon to view the data table. a. Determine the coefficient of determination, , and interpret its meaning. 12= .9644 (Round to four decimal places as needed.) What is the meaning of the coefficient of determination? A. It is the proportion of the variation in annual revenue that is explained by the variability in franchise value. O B. It measures the variability in the actual franchise value from the predicted waiting times. C. It is the proportion of the variation in franchise value that is explained by the variability in annual revenue. O D. It measures the variability in the actual annual revenue from the predicted annual revenue. b. Determine the standard error of the estimate. Syx =(Round to four decimal places as needed.)