The value of a sports franchise is directly related to the amount of revenue a franchise can generate. The accompanying data table shows the annual revenue (in millions of dollars) and value (in...


B) Construct a 90% prediction interval of the value of an individual baseball franchise that generates ​$225 million of annual revenue.


The value of a sports franchise is directly related to the amount of revenue a franchise can generate. The accompanying data table shows the annual revenue (in millions of dollars) and value (in millions of dollars) for 30 baseball franchises.<br>Complete parts (a) through (c) below.<br>Click the icon to see the annual revenue and value data table.<br>a. Construct a 90% confidence interval estimate of the mean value of all baseball franchises that generate $225 million of annual revenue<br>SHYIX = 225 U<br>(Round to two decimal places as needed.)<br>Annual Revenue and Value<br>Revenue<br>Value<br>Revenue<br>Value<br>221<br>526<br>186<br>448<br>171<br>379<br>244<br>731<br>262<br>865<br>170<br>327<br>199<br>463<br>186<br>385<br>171<br>396<br>148<br>321<br>188<br>374<br>188<br>456<br>156<br>343<br>242<br>727<br>162<br>407<br>176<br>349<br>439<br>1599<br>267<br>863<br>160<br>300<br>229<br>532<br>190<br>440<br>143<br>288<br>156<br>315<br>190<br>483<br>183<br>454<br>157<br>413<br>162<br>325<br>199<br>484<br>174<br>377<br>179<br>388<br>

Extracted text: The value of a sports franchise is directly related to the amount of revenue a franchise can generate. The accompanying data table shows the annual revenue (in millions of dollars) and value (in millions of dollars) for 30 baseball franchises. Complete parts (a) through (c) below. Click the icon to see the annual revenue and value data table. a. Construct a 90% confidence interval estimate of the mean value of all baseball franchises that generate $225 million of annual revenue SHYIX = 225 U (Round to two decimal places as needed.) Annual Revenue and Value Revenue Value Revenue Value 221 526 186 448 171 379 244 731 262 865 170 327 199 463 186 385 171 396 148 321 188 374 188 456 156 343 242 727 162 407 176 349 439 1599 267 863 160 300 229 532 190 440 143 288 156 315 190 483 183 454 157 413 162 325 199 484 174 377 179 388

Jun 08, 2022
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