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please help For as long as there has been baseball, fans and commentators have worried about the plight of the small market team. For example,

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For as long as there has been baseball, fans and commentators have worried about the plight of the \"small market team.\" For example, here is a recent story from the Minneapolis Star-Tribune about big-market teams snapping up all of the good free agents this season. http://www.startribune.com/biggest'ee-agent-signings-again-gotobigmarkets-commissioner- says-sma1l-markets-can-still-compete/ 5 661 13 82 1/ I collected the data 'om MLB for the past 4 seasons for both the size of the population of the metropolitan area in which the team plays, the league the team plays in (AL or NL), and the number of wins the team had in each season. Iran a regression of wins against population and league. The results are shown below. Multiple Regression results Number of obs = 120 Rsquared = 0.0417 Adj. R-squared = 0.0253 Dependent variable is Wins Variable Coefficient Std. Error t-statistic p-value P9P. (\"1 0.644 0.287 2.24 0.027 millions) LEAGUE 0.632 2.706 0.23 0.816 Constant 76.06 2.603 29.22 0.000 . Is the size of a team's metropolitan area a signicant predictor of how well a team will perform? Explain. . Is the league a team plays in (AL or NL) a signicant predictor of how well a team will perform? Explain. . Everything else constant, how many more games should the Yankees (NYC population 20 million) win in a typical season that the Cardinals (St. Louis population 2.8 million). . Is there a plausible economic explanation for why teams in big cities win more games than those in small cities? Explain

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