Question: The file P14_38.xlsx lists the average salary for each Major League Baseball team from 2004 to 2009, along with the number of team wins in

The file P14_38.xlsx lists the average salary for each Major League Baseball team from 2004 to 2009, along with the number of team wins in each of these years.

a. Rearrange the data so that there are four long columns: Team, Year, Salary, and Wins. There should be 6*30 values for each.

b. Create a scatterplot of Wins (Y) versus Salary (X). Is there any indication of a relationship between these two variables? Is it a linear relationship?

c. Run a regression of Wins versus Salary. What does it say, if anything, about teams buying their way to success?

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ESPN LoHud New Yorks Hudson Valley Team Salary 2004 Salary 2005 Salary 2006 Salary 2007 Salary 2008 Salary 2009 Wins 2004 Wins 2005 Wins 2006 Wins 2007 Wins 2008 Wins 2009 Arizona Diamondbacks 1594832 ... View full answer

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1497_60b74124cd3c9_696618.docx

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