### Testing of regression coefficient

Assignment Help Basic Statistics
##### Reference no: EM1322374

The owners of Major League Baseball (MLB) teams are concerned with rising salaries (as are owners of all professional sports teams). The data below provides the average salary (AVESAL) of the 30 MLB teams for the 2002 season. Also provided is the number of wins (WINS) for each team during the 2002 season. Is there evidence that teams with higher total payrolls tend to be more successful? Justify your answer.

 Team WINS AVESAL Anaheim Angels 99 2160054 Baltimore Orioles 67 1855318 Boston Red Sox 93 3633457 Chicago White Sox 81 1791286 Cleveland Indians 74 2106591 Detroit Tigers 55 1562847 Kansas City Royals 62 1832594 Minnesota Twins 94 1430068 New York Yankees 103 4902777 Oakland Athletics 103 1746264 Seattle Mariners 93 3337435 Tampa Bay Devil Rays 55 1131474 Texas Rangers 72 3123803 Toronto Blue Jays 78 1868356 Arizona Diamondbacks 98 3199608 Atlanta Braves 101 3166233 Chicago Cubs 67 2528398 Cincinnati Reds 78 1658363 Colorado Rockies 73 1848858 Florida Marlins 79 1506567 Houston Astros 84 2449680 Los Angeles Dodgers 92 3396961 Milwaukee Brewers 56 1338991 Montreal Expos 83 1497309 New York Mets 75 3192482 Philadelphia Phillies 80 2086812 Pittsburgh Pirates 72 1370088 St. Louis Cardinales 97 2998072 San Diego Padres 66 1292744 San Francisco Giants 95 3030571

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