Refer to Exercise 37. The Chicago Cubs won the World Series in 2016. They had 103 wins
Question:
Refer to Exercise 37. The Chicago Cubs won the World Series in 2016. They had 103 wins and spent $182 million on payroll. Calculate and interpret the residual for the Cubs.
Exercise 37.
Earlier we investigated the relationship between x = payroll (in millions of dollars) and y = number of wins for Major League Baseball teams in 2016. Here is a scatterplot of the data, along with the regression line ŷ = 60.7 + 0.139x:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: