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Testing of regression coefficient.

The owners of Major League Baseball (MLB) teams are concerned with rising salaries (as are owners of all professional sports teams). The data below provides an average salary (AVESAL) of the 30 MLB teams for the 2002 season. Also provided is the number of wins (WINS) for each team during the 2002 season. Is there evidence that teams with higher total payrolls tend to be more successful? Justify the answer.

 

Team

WINS

AVESAL

Anaheim Angels

99

2160054

Baltimore Orioles

67

1855318

Boston Red Sox

93

3633457

Chicago White Sox

81

1791286

Cleveland Indians

74

2106591

Detroit Tigers

55

1562847

Kansas City Royals

62

1832594

Minnesota Twins

94

1430068

New York Yankees

103

4902777

Oakland Athletics

103

1746264

Seattle Mariners

93

3337435

Tampa Bay Devil Rays

55

1131474

Texas Rangers

72

3123803

Toronto Blue Jays

78

1868356

Arizona Diamondbacks

98

3199608

Atlanta Braves

101

3166233

Chicago Cubs

67

2528398

Cincinnati Reds

78

1658363

Colorado Rockies

73

1848858

Florida Marlins

79

1506567

Houston Astros

84

2449680

Los Angeles Dodgers

92

3396961

Milwaukee Brewers

56

1338991

Montreal Expos

83

1497309

New York Mets

75

3192482

Philadelphia Phillies

80

2086812

Pittsburgh Pirates

72

1370088

St. Louis Cardinales

97

2998072

San Diego Padres

66

1292744

San Francisco Giants

95

3030571

 

 

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  • Category:- Statistics and Probability
  • Reference No.:- M922914

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