Question: < Back This window shows your responses and what was marked correct and incorrect from your previous attempt. AutoSave OFF 13 A sports analyst

< Back This window shows your responses and what was marked correct and incorrect from your previous attempt. AutoSave OFF 13 A sports analyst for Major League Baseball wonders whether there is a relationship between a pitcher's salary (in $ millions) and his earned run average (ERA). The accompanying table lists a portion of the data that she collected for 10 pitchers. Home Insert Draw Page Layout A Pitcher Salary 1 17.0 ERA 2.28 2 3.0 2.39 Calibri (Body) 11 0/10 points awarded Scored 10 0.2 3.00 Paste BI U Click here for the Excel Data File a-1. Estimate the model: Salary = 0 + BERA + . (Negative values should be indicated by a minus sign. Enter your answers, in millions, rounded to 2 decimal places.) L11 Open recovered workbooks? Your recent chan fx Predicted Salary = 13.88 + ERA A B C D E 1 Pitcher a-2. Interpret the coefficient of ERA. A one-unit increase in ERA, predicted salary decreases by $3.20 million. A one-unit increase in ERA, predicted salary increases by $3.20 million. A one-unit increase in ERA, predicted salary decreases by $11.92 million. A one-unit increase in ERA, predicted salary increases by $11.92 million. b. Use the estimated model to predict salary for Player 1 and Player 2. For example, use the sample regression equation to predict the salary for J. Santana with ERA = 2.28. (Do not round intermediate calculations. Round your final answers (in millions) to 2 decimal places.) 8 234567% 2012 9 8 123456700 1 Salary 17 ERA 2.28 3 2.39 0.3 2.42 10 2.2 10 2.39 5.4 2.15 7.8 2.43 7.1 2.32 10 9 11.7 3.04 11 10 0.2 3 12 13 14 15 Player 1 2 Predicted Salary (in $ millions) 16 17 18 19 20 21 22 c. Derive the corresponding residuals for Player 1 and Player 2. (Negative values should be indicated by a minus sign. Round your final answers (in millions) to 2 decimal places.) Player 1 2 Residual ey Ready Pitchers +
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