The chapter-opening example showed that there is a very weak linear relationship between a baseball team’s payroll and the number of wins. This raises the question: Are success on the field and attendance related? If the answer is no, then profit-driven owners may not be inclined to spend money to improve their teams. The statistics practitioner recorded the number of wins and the average home attendance for the 2012 baseball season.
a. Calculate whichever parameters you wish to help guide baseball owners.
b. Estimate the marginal number of tickets sold for each additional game won.