SOLUTION: Below are revenue and profit (both in $ billions) for nine large entertainment companies. (a) Make a scatter plot of profit as a function of revenue. (b) Use Excel to fit the regre

Question 189806This question is from textbook Applied Statistics in Business and Economics
: Below are revenue and profit (both in $ billions) for nine large entertainment companies. (a) Make a scatter plot of profit as a function of revenue. (b) Use Excel to fit the regression, with fitted equation and R2. (c) In your own words, describe the fit. (Data are from Fortune 149, no. 7 [April 5, 2005], p. F-50.) Entertainment
Revenue and Profit of Nine Entertainment Companies
Company revenue Profit
AMC Entertainment 1.792 −0.020
Clear Channel Communication 8.931 1.146
Liberty media 2.446 −0.978
Metro-Goldwyn-Mayer 1.883 −0.162
Regal Entertainment Group 2.49 0.185
Time Warner 43.877 2.639
Univision Communication 1.311 0.155
Viacom 26.585 1.417
Walt Disney 27.061 1.267

This question is from textbook Applied Statistics in Business and Economics

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Which part of this problem do you not understand?
Cheers,
Stan H.
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