Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following is a chart of 25 baseball players' salaries and statistics from 2019. Player Name RBI's HR's AVG Salary (in millions) Freddie Freeman 121

The following is a chart of 25 baseball players' salaries and statistics from 2019.

Player Name RBI's HR's AVG Salary (in millions)
Freddie Freeman 121 38 0.295 21.409
Tucker Barnhart 40 11 0.231 2.938
Gordon Beckham 15 6 0.215 0.700
Eugenio Suarez 103 49 0.271 7.286
Daniel Descalso 15 2 0.173 1.500
Scott Kingery 55 19 0.258 1.500
Cameron Maybin 32 11 0.285 0.555
Charlie Blackmon 86 32 0.314 21.333
Yadier Molina 57 10 0.270 20.000
Brandon Lowe 51 17 0.270 1.000
Eric Hosmer 99 22 0.265 21.000
Jay Bruce 59 26 0.216 14.000
Paul Goldschmidt 97 34 0.260 15.500
Robinson Cano 39 13 0.256 24.000
Rougned Odor 93 30 0.205 7.833
Roberto Perez 63 24 0.239 2.625
Starling Marte 82 23 0.295 10.333
Carlos Santana 93 34 0.281 20.333
Max Kepler 90 36 0.252 6.000
Khris Davis 73 23 0.221 16.500
Miguel Cabrera 59 12 0.283 30.000
Ian Desmond 65 20 0.255 15.000
Adam Eaton 49 15 0.279 8.400
Marwin Gonzalez 55 15 0.264 12.000
Lorenzo Cain 48 11 0.260 15.025

In order to have correlation with 95% confidence (5% significance), what is the critical r-value that we would like to have?

(Round to three decimal places for all answers on this assignment.)

RBI vs. Salary

Complete a correlation analysis, using RBI's as the x-value and salary as the y-value.

Correlation coefficient:

Regression Equation:y=

Do you have significant correlation? Yes No

HRvs. Salary

Complete a correlation analysis, using HR'sas the x-value and salary as the y-value.

Correlation coefficient:

Regression Equation:y=

Do you have significant correlation? Yes No

AVGvs. Salary

Complete a correlation analysis, using AVGas the x-value and salary as the y-value.

Correlation coefficient:

Regression Equation:y=

Do you have significant correlation? Yes No

Prediction

Based on your analysis, if you had to predict a player's salary, which method would be the best? Select an answer:

Regression equation with RBI's

Regression equation with HR's

Regression equation with AVG T

he average of the 25 salaries

Using that method, predict the salary for Xander Bogaerts. His stats were:

RBI: 117

HR: 33

AVG: 0.309

Based on your analysis, his predicted salary would be: $ million

His actual salary was $12.000 million.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Trigonometry A Unit Circle Approach (Subscription)

Authors: Michael Sullivan

10th Edition

0134178785, 9780134178783

More Books

Students also viewed these Mathematics questions