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For major league baseball teams, do higher player payrolls mean more gate money? Here are data for each of the American League teams in the
For major league baseball teams, do higher player payrolls mean more gate money? Here are data for each of the American League teams in the year2001. The variablexdenotes the player payroll (in millions of dollars) for the year2001, and the variableydenotes the mean attendance (in thousands of fans) for the81home games that year. The data are plotted in the scatter plot below, as is the least-squares regression line. The equation for this line is=^y=13.82+0.23x.
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