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Below are revenue and profit (both in $ billions) for nine large entertainment companies. Please show response in a step by step
Revenue and Profit of Nine Entertainment Companies
Company Revenue ProfitAMC Entertainment 1.792 -0.02Clear Channel Communication 8.931 1.146Liberty Media 2.446 -0.978Metro-Goldwyn-Mayer 1.883 -0.162Regal Entertainment Group 2.49 0.185Time Warner 43.877 2.639Univision Communications 1.311 0.155Viacom 26.585 1.417WaltDisney 27.061 1.267
(Data are from Fortune 149, no. 7 [April 5, 2005], p. F-50.)
(a) Make and display a scatter plot of profit (Y) as a function of revenue (X).(b) What is the regression equation?(c) What is R2.(d) Interpret the slope of the regression line. In your discussion state the units of the slope.(e) In your own words, describe the fit of the regression.
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