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The following table shows the payroll for 10 major league baseball teams (in millions) for the 2002 season, along with the number of wins for

The following table shows the payroll for 10 major league baseball teams (in millions) for the 2002 season, along with the number of wins for that year.

Payroll Wins Payroll Wins
$171 103 $56 62
$108 75 $62 84
$119 92 $43 78
$43 55 $57 73
$58 56 $75 67

  1. Calculate the correlation coefficient. Test to see whether the correlation coefficient is not equal to 0 at =0.05.
  2. What is the regression line that best fits the data?
  3. What is the predicted number of wins with a $70 million payroll?
  4. What percentage of the variation in wins is explained by the payroll?

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