Rock Concert Revenues
A financier whose specialty is investing in rock concerts has observed that,in general,concerts with "big-name" stars seem to generate more revenue than those concerts whose stars are less well known.To examine his belief he records the gross revenue and the payment (in $ millions)given to the two highest-paid performers in the concert for ten concert tours.
-{Rock Concert Revenues Narrative} Determine the coefficient of determination and discuss what its value tells you about the two variables.

Question

Rock Concert Revenues 
A financier whose specialty is investing in rock concerts has observed that,in general,concerts with "big-name" stars seem to generate more revenue than those concerts whose stars are less well known.To examine his belief he records the gross revenue and the payment (in $ millions)given to the two highest-paid performers in the concert for ten concert tours.  ​ ​
-{Rock Concert Revenues Narrative} Determine the coefficient of determination and discuss what its value tells you about the two variables.

Quizplus · Accepted Answer

The Answer of Rock Concert Revenues 
A financier whose specialty is investing in rock concerts has observed that,in general,concerts with "big-name" stars seem to generate more revenue than those concerts whose stars are less well known.To examine his belief he records the gross revenue and the payment (in $ millions)given to the two highest-paid performers in the concert for ten concert tours.  ​ ​
-{Rock Concert Revenues Narrative} Determine the coefficient of determination and discuss what its value tells you about the two variables.