Below are revenue and profit (both in $ billions) for nine large entertainment companies. (a) Ma
Question: 60 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 2.490 0.185
Time Warner 43.877 2.639
Univision Communications 1.311 0.155
Viacom 26.585 1.417
Walt Disney 27.061 1.267
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Answer: The solution consists of 3 pages
Deliverables: Word Document
Deliverables: Word Document