Baseball attendance. Baseball team owners want to attract fans to games. The New York Mets acquired the

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Baseball attendance. Baseball team owners want to attract fans to games. The New York Mets acquired the pitcher Pedro Martinez in 2005. Martinez is considered one of the best pitchers of his era, having won the Cy Young Award three times. Martinez had his own fans.

Possibly, he attracted more fans to the ballpark when he pitched at home, helping to justify his 4-year, $53 million contract. Is there really a “Pedro effect” in attendance?

We have data for the Mets home games of the 2005 season. The regression has the following predictors:

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a) All of these predictors are of a special kind. What are they called?

b) What is the interpretation of the coefficient for Pedro Start?

c) If we’re primarily interested in Pedro’s effect on attendance, why is it important to have the other variables in the model?

d) Could Pedro’s agent claim, based on this regression, that his man attracts more fans to the ballpark? What statistics should he cite?

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Related Book For  book-img-for-question

Business Statistics

ISBN: 9780321716095

2nd Edition

Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe

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