The following data show the annual revenue ($ millions) and the estimated team value ($ millions) for
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a. Develop a scatter diagram with Revenue on the horizontal axis and Value on the vertical axis. Looking at the scatter diagram, does it appear that there are any outliers and/or influential observations in the data?
b. Develop the estimated regression equation that can be used to predict team value given the value of annual revenue.
c. Use residual analysis to determine whether any outliers and/or influential observations are present. Briefly summarize your findings and conclusions.
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a The scatter diagram does indicate potential outliers andor influential observations For example th...View the full answer
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Related Book For 
Statistics For Business And Economics
ISBN: 9780538481649
11th Edition
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
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