Refer to data given in Exercise 13.29 on the total 2011 payroll and the percentage of games won during the 2011 season by each of the National League baseball teams. Compute the linear correlation coefficient, p. Does it make sense to make a confidence interval and to test a hypothesis about p here? Explain.
In Exercise 29

Total Payroll (millions of dollars) Percentage of Games Won Teami Arizona Diamondbacks Atlanta Braves Chicago Cubs Cincinnati Reds Colorado Rockies Houston Astros Los Angeles Dodgers Miami Marlins Milwaukee Brewers New York Mets Philadelphia Phillies Pittsburgh Pirates San Diego Padres San Francisco Giants St. Louis Cardinals Washington Nationals 53.60 87.00 125.50 76.20 88.00 70.70 103.80 56.90 85.50 120.10 173.00 46.00 45.90 118.20 105.40 63.70 58.0 54.9 43.8 48.8 45.1 34.6 50.9 44.4 59.3 47.5 63.0 44.4 43.8 53.1 55.6 49.7