Please Find D

U Question 3, 13.2.8-T HW Score: 9.05%, 1.81 of Team Revenue Value Part 4 of 5 20 points Boston 700 Points: 0.17 of 1 Save Chicago White Sox 350 Cleveland 271 920 Detroit 275 1200 The value of a sports franchise is directly related to the amount of revenue that a franchise can generate. The Houston 299 1450 Kansas City 246 950 accompanying data table gives the value and the annual revenue for a random sample of 28 of the MLB Los Angeles Angels 350 1750 baseball teams in a recent year. Suppose you want to develop a simple linear regression model to predict Minnesota 1025 franchise value based on annual revenue generated. Complete parts (a) through (e) below. New York Yankees 526 3700 216 880 Click the icon to view the table of franchise values and annual revenues. Seattle 289 1400 Tampa Bay 205 825 Texas 298 1550 15 Toronto 278 1300 Arizona 1350 O B. The Y-intercept, bo, implies when the annual revenue is zero, the franchise value is bo, in millions of 17 1500 18 434 2650 dollars. The slope, by , implies the revenue is equal to b, , in millions of dollars. Cincinnati 229 915 Colorado 248 1000 O C. The Y-intercept, bo, implies that if the annual revenue is zero, the franchise value is equal to the value Los Angeles Dodgers 462 2750 Miami 206 940 of bo, in millions of dollars. The slope, by , implies that the average franchise value is equal to by , in Milwaukee 239 925 millions of dollars. Philadelphia 325 1650 Pittsburgh 265 1250 D. An interpretation of the Y-intercept, bo, is not meaningful because no sports franchise is going to have St. Louis 310 1800 a revenue of zero. The slope, by , implies that for each increase of 1 million dollars in annual revenue, San Diego 259 1125 28 San Francisco 428 2650 the franchise value is expected to increase by by , in millions of dollars. 29 Washington 3041 1600 d. Predict the mean franchise value (in millions of dollars) of a sports team that generates $250 million of annual revenue. Y = $ million (Round to the nearest integer as needed.) an example Get more help - Clear all Check answer Ready