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Chapter 2: 132E (page 133)

Most valuable NFL teams.Refer to the Forbeslisting of the 2015 values of the 32 teams in the National Football League (NFL), Exercise 2.26 (p. 84). Construct a scatterplot to investigate the relationship between 2015 value (\( millions) and operating income (\) millions). Would you recommend that an NFL executive use operating income to predict a team鈥檚 current value? Explain.

Short Answer

Expert verified

The graph is given below:

There is a positive correlation between the current value and the operating income. Therefore, I would suggest any NFL executive use operating income to predict the team's current value.

Step by step solution

01

Constructing the scatter plot and interpreting it

The graph is given below:

There is a positive relationshipbetween the current value of the team and the operating expense. As the operating income increases, the current value also increases.

Due to this correlation,I would recommend NFL executives to use operating income as a guide to estimate the current value.The higher the team's operating income, the higher the current value.

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