EBK PRACTICE OF STAT.F/AP EXAM,UPDATED
EBK PRACTICE OF STAT.F/AP EXAM,UPDATED
6th Edition
ISBN: 9781319287573
Author: Starnes
Publisher: MPS PUB
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Chapter 3.2, Problem 41E

(a)

To determine

To interpret the slope of the regression line.

(a)

Expert Solution
Check Mark

Explanation of Solution

It is given in the question the regression line that,

  y^=60.7+0.139x

Thus as we know that the slope is coefficient of x in the least square regression equation and represents the average increase or decrease of y per unit of x . Thus, the slope is,

  b1=0.139

This then implies that on average, the number of wins increase by 0.139 wins per millions of dollars.

(b)

To determine

To explain does the value of the y -intercept have meaning in this context and if so then interpret the y -intercept.

(b)

Expert Solution
Check Mark

Answer to Problem 41E

It does not have meaning.

Explanation of Solution

It is given in the question the regression line that,

  y^=60.7+0.139x

As we know that, the y -intercept is the constant in the least square regression equation and represents the average y -value when x is zero. Thus, the y -intercept is as:

  b0=60.7

This then implies that there are 60.7 wins when the payroll is zero millions of dollars. However, it is not reasonable to have a payroll of zero millions of dollars and the value of the y intercept does not have meaning in this context.

Chapter 3 Solutions

EBK PRACTICE OF STAT.F/AP EXAM,UPDATED

Ch. 3.1 - Prob. 11ECh. 3.1 - Prob. 12ECh. 3.1 - Prob. 13ECh. 3.1 - Prob. 14ECh. 3.1 - Prob. 15ECh. 3.1 - Prob. 16ECh. 3.1 - Prob. 17ECh. 3.1 - Prob. 18ECh. 3.1 - Prob. 19ECh. 3.1 - Prob. 20ECh. 3.1 - Prob. 21ECh. 3.1 - Prob. 22ECh. 3.1 - Prob. 23ECh. 3.1 - Prob. 24ECh. 3.1 - Prob. 25ECh. 3.1 - Prob. 26ECh. 3.1 - Prob. 27ECh. 3.1 - Prob. 28ECh. 3.1 - Prob. 29ECh. 3.1 - Prob. 30ECh. 3.1 - Prob. 31ECh. 3.1 - Prob. 32ECh. 3.1 - Prob. 33ECh. 3.1 - Prob. 34ECh. 3.1 - Prob. 35ECh. 3.1 - Prob. 36ECh. 3.2 - Prob. 37ECh. 3.2 - Prob. 38ECh. 3.2 - Prob. 39ECh. 3.2 - Prob. 40ECh. 3.2 - Prob. 41ECh. 3.2 - Prob. 42ECh. 3.2 - Prob. 43ECh. 3.2 - Prob. 44ECh. 3.2 - Prob. 45ECh. 3.2 - Prob. 46ECh. 3.2 - Prob. 47ECh. 3.2 - Prob. 48ECh. 3.2 - Prob. 49ECh. 3.2 - Prob. 50ECh. 3.2 - Prob. 51ECh. 3.2 - Prob. 52ECh. 3.2 - Prob. 53ECh. 3.2 - Prob. 54ECh. 3.2 - Prob. 55ECh. 3.2 - Prob. 56ECh. 3.2 - Prob. 57ECh. 3.2 - Prob. 58ECh. 3.2 - Prob. 59ECh. 3.2 - Prob. 60ECh. 3.2 - Prob. 61ECh. 3.2 - Prob. 62ECh. 3.2 - Prob. 63ECh. 3.2 - Prob. 64ECh. 3.2 - Prob. 65ECh. 3.2 - Prob. 66ECh. 3.2 - Prob. 67ECh. 3.2 - Prob. 68ECh. 3.2 - Prob. 69ECh. 3.2 - Prob. 70ECh. 3.2 - Prob. 71ECh. 3.2 - Prob. 72ECh. 3.2 - Prob. 73ECh. 3.2 - Prob. 74ECh. 3.2 - Prob. 75ECh. 3.2 - Prob. 76ECh. 3.2 - Prob. 77ECh. 3.2 - Prob. 78ECh. 3.2 - Prob. 79ECh. 3.2 - Prob. 80ECh. 3 - Prob. R3.1RECh. 3 - Prob. R3.2RECh. 3 - Prob. R3.3RECh. 3 - Prob. R3.4RECh. 3 - Prob. R3.5RECh. 3 - Prob. R3.6RECh. 3 - Prob. T3.1SPTCh. 3 - Prob. T3.2SPTCh. 3 - Prob. T3.3SPTCh. 3 - Prob. T3.4SPTCh. 3 - Prob. T3.5SPTCh. 3 - Prob. T3.6SPTCh. 3 - Prob. T3.7SPTCh. 3 - Prob. T3.8SPTCh. 3 - Prob. T3.9SPTCh. 3 - Prob. T3.10SPTCh. 3 - Prob. T3.11SPTCh. 3 - Prob. T3.12SPTCh. 3 - Prob. T3.13SPT
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