in 2012, the total payroll for the New York Yankees was almost $200 million whil
ID: 3441853 • Letter: I
Question
in 2012, the total payroll for the New York Yankees was almost $200 million while the total payroll for the Oakland Athletics was about $55 million, less than 1/3 of the Yankees payroll. In the following table you will see the payrolls in millions and the total number of victories for the baseball teams in the American League in the 2012 season. Develop a regression model to predict the total number of victories based on the payroll. Use the model to predict the number of victories for a team with a payroll of $79 million. Based on the results of the computer output, discuss the relationship between payroll and victories.
Team Payroll ($Millions) # of Victories Baltimore Orioles 81.4 93 Boston Red Sox 173.2 69 Chicago White Sox 96.9 85 Cleveland Indians 78.4 68 Detroit Tigers 132.3 88 Kasas City Royals 60.9 72 Los Angeles Angels 154.5 89 Minnesota Twins 94.1 66 New York Yankees 198 95 Oakland Athletics 55.4 94 Seattle Mariners 82 75 Tampa Bay Rays 64.2 90 Texas Rangers 120.5 93 Toronto Blue Jays 75.5 73Explanation / Answer
in 2012, the total payroll for the New York Yankees was almost $200 million whil
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