12.60 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 Profit

AMC Entertainment 1.792 -0.02

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 Communications 1.311 0.155

Viacom 26.585 1.417

WaltDisney 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.

Please show response in a step by step

Revenue and Profit of Nine Entertainment Companies

Company Revenue Profit

AMC Entertainment 1.792 -0.02

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 Communications 1.311 0.155

Viacom 26.585 1.417

WaltDisney 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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