Discuss the relationship between payroll and victories

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Reference no: EM13895370

In 2012, the total payroll for the New york Yankees was almost 200million, while the total payroll for the Oakland Athletics (a team known for using basball analytics or sabermetrics) was about 55million, less than one-third of the Yankees payroll. In the following table, you will see the payrolls (in millions) and the total number of victories for the baseball teams in the American League in the 2012 season. Develop a regression model to predict the total number of victories based on the payroll. Use the model to predict the number of victories for a team with a payroll of $79million. Based on the results of the computer output, discuss the relationship between payroll and victories.

Team payroll in million number of victories

Baltimore Orioles 81.4 million 93

Boston Red Sox 173.2 69

chicago white sox 96.9 85

Cleveland indians 78.4 68

Detroit Tigers 132.3 88

Kansas city Royals 60.9 72

Los angeles Angels 154.4 89

Minnesota twins 94.1 66

New York Yankees 198 95

Oakland Athletics 55.4 94

Seatle Mariners 82 75

Tampa Bay Rays 64.2 90

Texaa Rangers 120.5 93

Toronto Blue Jays 75.5 7

Reference no: EM13895370

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