Refer to the Baseball 2016 data, which reports information on the 2016 Major League Baseball season....

50.1K

Verified Solution

Question

Basic Math

Refer to the Baseball 2016 data, which reports information onthe 2016 Major League Baseball season. Let attendance be thedependent variable and total team salary be the independentvariable. Determine the regression equation and answer thefollowing questions.

Draw a scatter diagram. From the diagram, does there seem to bea direct relationship between the two variables?

What is the expected attendance for a team with a salary of$100.0 million?

If the owners pay an additional $30 million, how many morepeople could they expect to attend?

At the .05 significance level, can we conclude that the slope ofthe regression line is positive? Conduct the appropriate test ofhypothesis.

What percentage of the variation in attendance is accounted forby salary?

Determine the correlation between attendance and team battingaverage and between attendance and team ERA. Which is stronger?Conduct an appropriate test of hypothesis for each set ofvariables.

Show all work in Excel

TeamLeagueYear OpenedTeam SalaryAttendanceWinsERABAHRYearAverage salary
ArizonaNational199865.802080145794.040.26415420001988034
AtlantaNational199689.602001392674.410.25110020012264403
BaltimoreAmerican1992118.902281202814.050.25021720022383235
BostonAmerican1912168.702880694784.310.26516120032555476
Chicago CubsNational1914117.202959812973.360.24417120042486609
Chicago SoxAmerican1991110.701755810763.980.25013620052632655
CincinnatiNational2003117.702419506644.330.24816720062866544
ClevelandAmerican199487.701388905813.670.25614120072944556
ColoradoNational199598.302506789685.040.26518620083154845
DetroitAmerican2000172.802726048744.640.27015120093240206
HoustonAmerican200069.102153585863.570.25023020103297828
Kansas CityAmerican1973112.902708549953.730.26913920113305393
LA AngelsAmerican1966146.403012765853.940.24617620123440000
LA DodgersNational1962230.403764815923.440.25018720133650000
MiamiNational201284.601752235714.020.26012020143950000
MilwaukeeNational200198.702542558684.280.25114520154250000
MinnesotaAmerican2010108.302220054834.070.247156
NY MetsNational2009100.102569753903.430.244177
NY YankeesAmerican2009213.503193795874.050.251212
OaklandAmerican196680.801768175684.140.251146
PhiladelphiaNational2004133.001831080634.690.249130
PittsburghNational200185.902498596983.210.260140
San DiegoNational2004126.602459742744.090.243148
San FranciscoNational2000166.503375882843.720.267136
SeattleAmerican1999123.202193581764.160.249198
St. LouisNational2006120.3035208891002.940.253137
Tampa BayAmerican199074.801287054803.740.252167
TexasAmerican1994144.802491875884.240.257172
TorontoAmerican1989116.402794891933.80.269232
WashingtonNational2008174.502619843833.620.251177

Answer & Explanation Solved by verified expert
4.2 Ratings (709 Votes)
SolutionRequired regression model by using excel is given as belowRegression StatisticsMultiple R0706773855R Square0499529282Adjusted R Square0481655328Standard Error4277381077Observations30ANOVAdfSSMSFSignificance FRegression1511324E12511324E122794732921126761E05Residual28512288E1218296E11Total29102361E13CoefficientsStandard Errort StatPvalueLower 95Upper 95Intercept119691880625112406454766244957525468E0568251448561711323126Team    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students