STATISTICS F/BUSINESS+ECONOMICS-TEXT
13th Edition
ISBN: 9781305881884
Author: Anderson
Publisher: CENGAGE L
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Chapter 3.5, Problem 57E
Ten major college football bowl games were played in January 2010, with the University of Alabama beating the University of Texas 37 to 21 to become the national champion of college football. The results of the 10 bowl games follow (USA today, January 8, 2010).
The predicted winning point margin was based on Las Vegas betting odds approximately one week before the bowl games were played. For example, Auburn was predicted to beat Northwestern in the Outback Bowl by five points. The actual winning point margin for Auburn was three points. A negative predicted winning point margin means that the team that won the bowl game was an underdog and expected to lose. For example, in the Rose Bowl, Ohio State was a two-point underdog to Oregon and ended up winning by nine points.
- a. Develop a
scatter diagram with predicted point margin on the horizontal axis. - b. What is the relationship between predicted and actual point margins?
- c. Compute and interpret the sample
covariance . - d. Compute the sample
correlation coefficient . What does this value indicate about the relationship between the Las Vegas predicted point margin and the actual point margin in college football bowl games?
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Chapter 3 Solutions
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Ch. 3.1 - Consider a sample with data values of 10, 20, 12,...Ch. 3.1 - Consider a sample with data values of 10, 20, 21,...Ch. 3.1 - Consider the following data and corresponding...Ch. 3.1 - Consider the following data. Period Rate of Return...Ch. 3.1 - Consider a sample with data values of 27, 25, 20,...Ch. 3.1 - Consider a sample with data values of 53, 55, 70,...Ch. 3.1 - The average number of minutes Americans commute to...Ch. 3.1 - The Wall Street Journal reported that the median...Ch. 3.1 - Which companies spend the most money on...Ch. 3.1 - Over a nine-month period, OutdoorGearLab tested...
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