Earlier we investigated the relationship between x= payroll (in millions of dollars) and y= number of wins for Major League Baseball teams in 2016. With the regression line ?̂ =60.7+0.139?. The Chicago Cubs won the World Series in 2016. They had 103 wins and spent $182 million on payroll. Calculate and interpret the residual for the Cubs. a)The residual = –17.002. The Chicago Cubs won 17.002 fewer games than the number of games predicted by the regression line with ?x = $182 million. b)The residual = 17.002. The Chicago Cubs won 17.002 more games than the number of games predicted by the regression line with ?x = $182 million. c)The residual = 85.998. The Chicago Cubs won 85.998 more games than the number of games predicted by the regression line with ?x = $182 million. d) The residual = 17.002. The Chicago Cubs spent $17.002 million more than the payroll predicted by the regression line with ?x = $182 million.
Earlier we investigated the relationship between x= payroll (in millions of dollars) and y= number of wins for Major League Baseball teams in 2016. With the regression line ?̂ =60.7+0.139?. The Chicago Cubs won the World Series in 2016. They had 103 wins and spent $182 million on payroll.
Calculate and interpret the residual for the Cubs.
a)The residual = –17.002. The Chicago Cubs won 17.002 fewer games than the number of games predicted by the regression line with ?x = $182 million.
b)The residual = 17.002. The Chicago Cubs won 17.002 more games than the number of games predicted by the regression line with ?x = $182 million.
c)The residual = 85.998. The Chicago Cubs won 85.998 more games than the number of games predicted by the regression line with ?x = $182 million.
d) The residual = 17.002. The Chicago Cubs spent $17.002 million more than the payroll predicted by the regression line with ?x = $182 million.
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