For major league baseball teams, is there a relationship betweer payrolls and gate money? Here are data for each of the National teams for the year 2000. The variable x denotes the 2000 player pay millions of dollars), and the variable y denotes the mean attenda thousands of fans) for the s1 home games that year. The data an in the Figure 1 scatter plot. Also given are the products of the pl payroll values and mean attendance values for each of the sixte teams. (These products, written in the column labelled "xy," may calculations.) %3D

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O REGRESSION AND CORRELATION
Computing the sample.
For major league baseball teams, is there a relationship between player
payrolls and gate money? Here are data for each of the National League
teams for the year 2000. The variable x denotes the 2000 player payroll (in
millions of dollars), and the variable y denotes the mean attendance (in
thousands of fans) for the s1 home games that year. The data are plotted
in the Figure 1 scatter plot. Also given are the products of the player
payroll values and mean attendance values for each of the sixteen
teams. (These products, written in the column labelled "xy," may aid in
calculations.)
Player payroll, x
(in $1,000,000 attendance, y
s)
Mean
xy
(in thousands)
Arizona
87.0
34.81
3028.47
Atlanta
94,5
39.88
3768.66
Chicago Cubs
65.3
34.44
2248.932
40-
Cincinnati
52.6
31.85
1675.31
35
Colorado
64.8
40,74
2639.952
30
Florida
30.9
15.06
465.354
|Ноuston
58.3
37.78
2202.574
25-
20
Los Angeles
Milwaukee
105.0
37.16
3901.8
41.5
19.38
804,27
Montreal
39.5
11.48
453.46
10
New York Mets
99.8
34.81
3474.038
Philadelphia
53.9
19.88
1071.532
Pittsburgh
ISan Diego
36.3
21.60
784.08
64.1
29.88
1915.308
Figure 1
San Francisco
59.6
40.99
2443.004
St Louis
80.7
41.23
3327.261
Send data to Excel
Answer the following. Carry your intermediate computations to at least
four decimal places, and round your answer as specified below. (If
necessary, consult a list of formulas.)
What is the value of the slope of the least-squares
regression line for these data? Round your answer to at|
least two decimal places.
Explanation
Check
Terms of Use Privacy Accessibility
Transcribed Image Text:9:21 AA www-awn.aleks.com O REGRESSION AND CORRELATION Computing the sample. For major league baseball teams, is there a relationship between player payrolls and gate money? Here are data for each of the National League teams for the year 2000. The variable x denotes the 2000 player payroll (in millions of dollars), and the variable y denotes the mean attendance (in thousands of fans) for the s1 home games that year. The data are plotted in the Figure 1 scatter plot. Also given are the products of the player payroll values and mean attendance values for each of the sixteen teams. (These products, written in the column labelled "xy," may aid in calculations.) Player payroll, x (in $1,000,000 attendance, y s) Mean xy (in thousands) Arizona 87.0 34.81 3028.47 Atlanta 94,5 39.88 3768.66 Chicago Cubs 65.3 34.44 2248.932 40- Cincinnati 52.6 31.85 1675.31 35 Colorado 64.8 40,74 2639.952 30 Florida 30.9 15.06 465.354 |Ноuston 58.3 37.78 2202.574 25- 20 Los Angeles Milwaukee 105.0 37.16 3901.8 41.5 19.38 804,27 Montreal 39.5 11.48 453.46 10 New York Mets 99.8 34.81 3474.038 Philadelphia 53.9 19.88 1071.532 Pittsburgh ISan Diego 36.3 21.60 784.08 64.1 29.88 1915.308 Figure 1 San Francisco 59.6 40.99 2443.004 St Louis 80.7 41.23 3327.261 Send data to Excel Answer the following. Carry your intermediate computations to at least four decimal places, and round your answer as specified below. (If necessary, consult a list of formulas.) What is the value of the slope of the least-squares regression line for these data? Round your answer to at| least two decimal places. Explanation Check Terms of Use Privacy Accessibility
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