For major league baseball teams, is there a relationship between player payrolls and gate money? Here are data for each of the American League teams for the year 2001. The variable x denotes the 2001 player payroll (in millions of dollars), and the variable y denotes the mean attendance (in thousands of fans) for the 81 home games that year. The data are plotted in the Figure 1 scatter plot. Player payroll, x Mean (in $1,000,000 attendance, y (in thousands) s) Anaheim Baltimore 46.6 24.69 45+ 73.4 38.15 Boston 109.6 32.47 40- Chicago White Sox 35+ 62.4 21.85 304 Cleveland 92.0 39.26 Detroit 49.8 25- 23.70 Kansas City 35.6 19.01 20- Minnesota 24.4 21.98 15- New York Yankees 109.8 40.25 10- Oakland 33.8 26.54 5- Seattle 75.7 43.33 Tampa Bay 55.0 16.05 20 40 60 30 100120 140 Texas 88.5 34.94 Figure 1 Toronto 75.8 23.70 Send data to Excel The least-squares regression line for these data has a slope of approximately 0.23. Submit Assignment

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For major league baseball teams, is there a relationship between player payrolls and gate money? Here are data for each of the American League teams for the
year 2001. The variable x denotes the 2001 player payroll (in millions of dollars), and the variable y denotes the mean attendance (in thousands of fans) for the
81 home games that year. The data are plotted in the Figure 1 scatter plot.
Player payroll, x
Mean
(in $1,000,000 attendance, y
(in thousands)
s)
Anaheim
46.6
24.69
Baltimore
73.4
38.15
45+
Boston
109.6
32.47
40+
Chicago White
Sox
35+
62.4
21.85
30-
Cleveland
92.0
39.26
25+
Detroit
49.8
23.70
Kansas City
35.6
19.01
20-
Minnesota
24.4
21.98
15-
New York Yankees
109.8
40.25
10-
Oakland
33.8
26.54
Seattle
75.7
43.33
Tampa Bay
55.0
16.05
20
40
60
80
100
120.
140
Texas
88.5
34.94
Figure 1
Toronto
75.8
23.70
Send data to Excel
The least-squares regression line for these data has a slope of approximately 0.23.
Submit Assignment
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Privacy I Accessibility
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99+
Transcribed Image Text:For major league baseball teams, is there a relationship between player payrolls and gate money? Here are data for each of the American League teams for the year 2001. The variable x denotes the 2001 player payroll (in millions of dollars), and the variable y denotes the mean attendance (in thousands of fans) for the 81 home games that year. The data are plotted in the Figure 1 scatter plot. Player payroll, x Mean (in $1,000,000 attendance, y (in thousands) s) Anaheim 46.6 24.69 Baltimore 73.4 38.15 45+ Boston 109.6 32.47 40+ Chicago White Sox 35+ 62.4 21.85 30- Cleveland 92.0 39.26 25+ Detroit 49.8 23.70 Kansas City 35.6 19.01 20- Minnesota 24.4 21.98 15- New York Yankees 109.8 40.25 10- Oakland 33.8 26.54 Seattle 75.7 43.33 Tampa Bay 55.0 16.05 20 40 60 80 100 120. 140 Texas 88.5 34.94 Figure 1 Toronto 75.8 23.70 Send data to Excel The least-squares regression line for these data has a slope of approximately 0.23. Submit Assignment O2021 McGraw-Hill Education. All Rights Reserved. Terms of Use Privacy I Accessibility Type here to search 99+
Send data to Excel
The least-squares regression line for these data has a slope of approximately 0.23.
Answer the following. Carry your intermediate computations to at least four decimal places, and round your answers as specified below.
What is the value of the y-intercept of the least-squares
regression line for these data? Round your answer to at least
two decimal places.
What is the value of the sample correlation coefficient for these
data? Round your answer to at least three decimal places.
Submit Assignment
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Transcribed Image Text:Send data to Excel The least-squares regression line for these data has a slope of approximately 0.23. Answer the following. Carry your intermediate computations to at least four decimal places, and round your answers as specified below. What is the value of the y-intercept of the least-squares regression line for these data? Round your answer to at least two decimal places. What is the value of the sample correlation coefficient for these data? Round your answer to at least three decimal places. Submit Assignment O 2021 McGraw-Hill Education. All Rights Reserved. Terms of Use Privacy Accessibility O Type here to search 99+ # 5602 firus Britney Omonira Desktop Virus removal/ Hp:15 404-717-3969 layoomonira@gmail.co Diagnosis Intellectual Terhs. LLC-77D.B92.1006 - www.intellectualtechs.com
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