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Matt Kenseth won the 2012 Daytona 500, the most important race of the NASCAR season. His win was no surprise because for the 2011 season

Matt Kenseth won the 2012 Daytona 500, the most important race of the NASCAR season. His win was no surprise because for the 2011 season he finished fourth in the point standings with 2330 points, behind Tony Stewart (2403 points), Carl Edwards (2403 points), and Kevin Harvick (2345 points). In 2011 he earned $6,183,580 by winning three Poles (fastest driver in qualifying), winning three races, finishing in the top five 12 times, and finishing in the top ten 20 times. NASCARs point system in 2011 allocated 43 points to the driver who finished first, 42 points to the driver who finished second, and so on down to 1 point for the driver who finished in the 43rd position. In addition any driver who led a lap received 1 bonus point, the driver who led the most laps received an additional bonus point, and the race winner was awarded 3 bonus points. But, the maximum number of points a driver could earn in any race was 48. Table 15.13 shows data for the 2011 season for the top 35 drivers (NASCAR website).

Driver Points Poles Wins Top 5 Top 10 Winnings ($)
Tony Stewart 2403 1 5 9 19 6,529,870
Carl Edwards 2403 3 1 19 26 8,485,990
Kevin Harvick 2345 0 4 9 19 6,197,140
Matt Kenseth 2330 3 3 12 20 6,183,580
Brad Keselowski 2319 1 3 10 14 5,087,740
Jimmie Johnson 2304 0 2 14 21 6,296,360
Dale Earnhardt Jr. 2290 1 0 4 12 4,163,690
Jeff Gordon 2287 1 3 13 18 5,912,830
Denny Hamlin 2284 0 1 5 14 5,401,190
Ryan Newman 2284 3 1 9 17 5,303,020
Kurt Busch 2262 3 2 8 16 5,936,470
Kyle Busch 2246 1 4 14 18 6,161,020
Clint Bowyer 1047 0 1 4 16 5,633,950
Kasey Kahne 1041 2 1 8 15 4,775,160
A.J. Allmendinger 1013 0 0 1 10 4,825,560
Greg Biffle 997 3 0 3 10 4,318,050
Paul Menard 947 0 1 4 8 3,853,690
Martin Truex Jr. 937 1 0 3 12 3,955,560
Marcos Ambrose 936 0 1 5 12 4,750,390
Jeff Burton 935 0 0 2 5 3,807,780
Juan Montoya 932 2 0 2 8 5,020,780
Mark Martin 930 2 0 2 10 3,830,910
David Ragan 906 2 1 4 8 4,203,660
Joey Logano 902 2 0 4 6 3,856,010
Brian Vickers 846 0 0 3 7 4,301,880
Regan Smith 820 0 1 2 5 4,579,860
Jamie McMurray 795 1 0 2 4 4,794,770
David Reutimann 757 1 0 1 3 4,374,770
Bobby Labonte 670 0 0 1 2 4,505,650
David Gilliland 572 0 0 1 2 3,878,390
Casey Mears 541 0 0 0 0 2,838,320
Dave Blaney 508 0 0 1 1 3,229,210
Andy Lally* 398 0 0 0 0 2,868,220
Robby Gordon 268 0 0 0 0 2,271,890
J.J. Yeley 192 0 0 0 0 2,559,500

Managerial Report

1. Suppose you wanted to predict Winnings ($) using only the number of poles won (Poles), the number of wins (Wins), the number of top five finishes (Top 5), or the number of top ten finishes (Top 10). Which of these four variables provides the best single predictor of winnings?

2. Develop an estimated regression equation that can be used to predict Winnings ($) given the number of poles won (Poles), the number of wins (Wins), the number of top five finishes (Top 5), and the number of top ten (Top 10) finishes. Test for individual significance and discuss your findings and conclusions.

3. Create two new independent variables: Top 25 and Top 610. Top 25 represents the number of times the driver finished between second and fifth place and Top 610 represents the number of times the driver finished between sixth and tenth place. Develop an estimated regression equation that can be used to predict Winnings ($)using Poles, Wins, Top 25, and Top 610. Test for individual significance and discuss your findings and conclusions.

4. Based upon the results of your analysis, what estimated regression equation would you recommend using to predict Winnings ($)? Provide an interpretation of the estimated regression coefficients for this equation.

(Please Solve this in excel format and show me how you did it, Thank you!)

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