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[Q-11) The following table lists a portion of Major League Baseball's (MLB's) leading pitchers, each pitcher's salary (In $1$$ milisons), and earned run average (ERA) for 2008. \begin tabular) (1cc) Vhline & Salary & RRM W J. Santana C. Lee & $11.0$ & $2.52$ C. Hamela & $3.9$ & $2.38$ W Thline Thline \end{tabular The following table lists a portion of Major League Baseball's (MLB's) leading pitchers, each pitcher's salary on 5 milions), and earned run average (ERA) for 2008 J. Santana c. Lee Salary 11.0 3.0 ERN 2.52 2.30 C. Hamelo 0.2 2.96 Click here for the Excel Data File 4-1. Estimate the model: Salaryo + MERA + (Negative values should be indicated by a minus sign. Enter your answers, in millions, rounded to 2 decimal places.) ERA Salary a-2. Interpret the coefficient of ERA O A one-unit increase in ERA, predicted salary decreases by $3.31 million O A one-unit increase in ERA, predicted salary increases by $331 milion O A one-unit increase in ERA, predicted salary decreases by $1132 milion O A one-unit increase in ERA, predicted salary increases by $11.32 million b. Use the estimated model to predict salary for each player, given his ERA. For example, use the sample regression equation to predict the salary for J. Santana with ERA = 252. (Round coefficient estimates to at least 4 decimal places and final answers, in A one-unit increase in ERA, predicted salary increases by $11.32 million b. Use the estimated model to predict salary for each player, given his ERA. For example, use the sample regression equation to predict the salary for J. Santana with ERA = 2.52. (Round coefficient estimates to at least 4 decimal places and final answers, in millions, to 2 decimal places.) Predicted Salary in 5 millions) J. Santana c. Lee T. Lincecum C. Sabathia R. Haladay J. Peavy D. Matsuzaka R. Dempster B. Sheets C. Hamels c. Derive the corresponding residuals. (Negative values should be indicated by a minus sign. Round coefficient estimates to at least c. Derive the corresponding residuals (Negative values should be indicated by a minus sign. Round coefficient estimates to at least 4 decimal places and final answers, in millions, to 2 decimal places.) Residual Ony-9 J. Santana C. Lee T. Lincecum C. Sabathia R. Haladay J. Peavy D. Matsuzaka R. Dempster 8. Sheets C. Hamel [Q-11) The following table lists a portion of Major League Baseball's (MLB's) leading pitchers, each pitcher's salary (In $1$$ milisons), and earned run average (ERA) for 2008. \begin tabular) (1cc) Vhline & Salary & RRM W J. Santana C. Lee & $11.0$ & $2.52$ C. Hamela & $3.9$ & $2.38$ W Thline Thline \end{tabular The following table lists a portion of Major League Baseball's (MLB's) leading pitchers, each pitcher's salary on 5 milions), and earned run average (ERA) for 2008 J. Santana c. Lee Salary 11.0 3.0 ERN 2.52 2.30 C. Hamelo 0.2 2.96 Click here for the Excel Data File 4-1. Estimate the model: Salaryo + MERA + (Negative values should be indicated by a minus sign. Enter your answers, in millions, rounded to 2 decimal places.) ERA Salary a-2. Interpret the coefficient of ERA O A one-unit increase in ERA, predicted salary decreases by $3.31 million O A one-unit increase in ERA, predicted salary increases by $331 milion O A one-unit increase in ERA, predicted salary decreases by $1132 milion O A one-unit increase in ERA, predicted salary increases by $11.32 million b. Use the estimated model to predict salary for each player, given his ERA. For example, use the sample regression equation to predict the salary for J. Santana with ERA = 252. (Round coefficient estimates to at least 4 decimal places and final answers, in A one-unit increase in ERA, predicted salary increases by $11.32 million b. Use the estimated model to predict salary for each player, given his ERA. For example, use the sample regression equation to predict the salary for J. Santana with ERA = 2.52. (Round coefficient estimates to at least 4 decimal places and final answers, in millions, to 2 decimal places.) Predicted Salary in 5 millions) J. Santana c. Lee T. Lincecum C. Sabathia R. Haladay J. Peavy D. Matsuzaka R. Dempster B. Sheets C. Hamels c. Derive the corresponding residuals. (Negative values should be indicated by a minus sign. Round coefficient estimates to at least c. Derive the corresponding residuals (Negative values should be indicated by a minus sign. Round coefficient estimates to at least 4 decimal places and final answers, in millions, to 2 decimal places.) Residual Ony-9 J. Santana C. Lee T. Lincecum C. Sabathia R. Haladay J. Peavy D. Matsuzaka R. Dempster 8. Sheets C. Hamel
