Refer to the Baseball 2012 data, which report information on the 2012 Major League Baseball season. a.
Question:
Refer to the Baseball 2012 data, which report information on the 2012 Major League Baseball season.
a. Rank the teams by the number of wins and their total team salary. Compute the coefficient of rank correlation between the two variables. At the .01 significance level, can you conclude that it is greater than zero?
b. Assume that the distributions of team salaries for the American League and National League do not follow the normal distribution. Conduct a test of hypothesis to see whether there is a difference in the two distributions.
c. Rank the 30 teams by attendance and by team salary. Determine the coefficient of rank correlation between these two variables. At the .05 significance level, is it reasonable to conclude the ranks of these two variables are related?
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a The coefficient of rank correlation is 0105 H o There is no correlation between the ranks ...View the full answer
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Related Book For 
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
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