Develop the estimated regression equation that can be used

Reference no: EM13621289

The Wall street journal conducted a study of basketball spending at top colleges. A portion of the data showing the revenues ($millions), percentage of wins, and the coach's salary ($million) for the 39 of the country's top basketball programs follows (The Wall Street Journal, March 11-12, 2006).

School	Revenue	%Wins	Salary
Alabama	6.5	61	1.00
Arizona	16.6	63	0.70
Arkansas	11.1	72	0.80
Boston College	3.4	80	0.53
California	6.0	68	0.85
Cincinnati	5.7	61	0.18
Duke	12.4	90	1.40
Florida	6.5	80	1.70
Florida State	6.8	68	0.74
Gonzaga	2.5	90	0.50
Illinois	11.3	83	0.70
Indiana	11.9	63	0.78
Iowa	10.5	73	0.80
Kansas	11.8	76	1.00
LSU	4.6	76	0.72
Marquette	5.8	67	1.10
Memphis	5.6	90	1.20
Michigan State	11.0	68	1.60
N.C. State	11.4	72	0.90
Nevada	3.3	83	0.26
Northern Iowa	1.2	72	0.18
Ohio State	11.4	85	0.83
Oklahoma	6.2	74	1.00
Pittsburg	7.8	79	0.49
San Diego State	2.6	73	0.36
Southern Illinois	1.2	69	0.21
Syracuse	12.4	66	0.38
Tennessee	5.4	78	0.80
Texas	12.0	83	1.30
Texas A&M	6.5	74	0.63
UAB	1.9	82	0.60
UCLA	7.1	81	0.91
Uconn	7.9	90	1.50
UNC	15.0	78	1.40
Villanova	4.2	89	0.51
Washington	5.0	83	0.89
West Virginia	4.9	67	0.70
Wichita State	3.1	75	0.41
Wisconsin	12.0	66	0.70

Questions:

A) Develop the estimated regression equation that can be used to predict the coachs salary given the revenue generated by the program and the percentage of wins.

B) Use the F test to deterine the overall significance of the relationship. What is your conclusion at the 0.05 level of significance?

C) Use the T test to determine the significance of each independent variable. What is your conclusion at the 0.05 level of significance?

Reference no: EM13621289

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