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....

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.

b. Assuming a linear​ relationship, use the​ least-squares method to determine the regression coefficients b0 and b1.

​(Round the value of b0 to the nearest integer as needed. Round the value of b1 to two decimal places as​ needed.)

Extracted text: Annual Revenue Franchise Value (millions of dollars) (millions of dollars) 151 221 280 859 259 627 900 209 384 - ($M) 256 638 175 281 199 479 272 822 274 782 240 515 197 341 232 599 270 803 158 265 224 469 Print Done