(a) We wish to test the null hypothesis that the Las Vegas predictions are unbiased. This will correspond with ? = 0 and ? = b) Based on the results shown in the table, is there much evidence that the sample fit differs from the model ?y = ? + ?x, with values of alpha and beta above? Why?
(a) We wish to test the null hypothesis that the Las Vegas predictions are unbiased. This will correspond with ? = 0 and ? = b) Based on the results shown in the table, is there much evidence that the sample fit differs from the model ?y = ? + ?x, with values of alpha and beta above? Why?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
For a football game in the National Football League, let y = difference between the number of points scored by the home team and the away team (so y > 0 if the home team wins). Let x bet the predicted difference according to the Las Vegas betting spread. For the 768 NFL games played between 2003 and 2006, output follows.
Predictor | Coefficient | SE Coef | T | P |
Constant | -0.4022 | 0.5233 | -0.77 | 0.442 |
BP | 1.0251 | 0.0824 | 12.44 | 0.000 |
(a) We wish to test the null hypothesis that the Las Vegas predictions are unbiased. This will correspond with ? = 0 and ? =
b) Based on the results shown in the table, is there much evidence that the sample fit differs from the model ?y = ? + ?x, with values of alpha and beta above? Why?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman