The Wall Street Journal conducted a study of basketball spending
The Wall Street Journal conducted a study of basketball spending at top colleges. A portion of the data showing the revenue ($ millions), percentage of wins, and the coach’s salary ($ millions) for 39 of the country’s top basketball programs follows (The Wall Street Journal, March 11–12, 2006).
a. Develop the estimated regression equation that can be used to predict the coach's salary given the revenue generated by the program and the percentage of wins.
b. Use the F test to determine the overall significance of the relationship. What is your conclusion at the .05 level of significance?
c. Use the t test to determine the significance of each independent variable. What is your conclusion at the .05 level of significance?
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