Refer to data given in Exercise 13.30 on the total 2011 payroll and the percentage of games won during the 2011 season by each of the American 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 30

Total Payroll (millions of dollars) Percentage of Games Won Team Baltimore Orioles Boston Red Sox Chicago White Sox Cleveland Indians Detroit Tigers Kansas City Royals Los Angeles Angels Minnesota Twins New York Yankees Oakland Athletics Seattle Mariners Tampa Bay Rays Texas Rangers Toronto Blue Jays 85.30 161.40 129.30 49.20 105.70 36.10 139.00 112.70 201.70 66.60 86.40 41.90 92.30 62.50 42.6 55.6 48.8 49.4 58.6 43.8 53.1 38.9 59.9 45.7 56.2 59.3 50.0