LS0820: For the same data on NBA revenue and valuation given above

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Question: "For the same data on NBA revenue and valuation given above:

a. Is there a strong association between revenue and valuation?

b. Create a scatter plot diagram depicting the association between the two variables.

c. The franchise owners want to understand if the valuation is dependent on revenue. How can you assess this?

d. Using the regression equation, predict the valuation of a team whose revenue was USD 300 mn."


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