in 2012 the total payroll for the New York Yankees was almos
in 2012, the total payroll for the New York Yankees was almost $200 million while the total payroll for the Oakland Athletics was about $55 million, less than 1/3 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 $79 million. Based on the results of the computer output, discuss the relationship between payroll and victories.
| Team | Payroll ($Millions) | # of Victories |
| Baltimore Orioles | 81.4 | 93 |
| Boston Red Sox | 173.2 | 69 |
| Chicago White Sox | 96.9 | 85 |
| Cleveland Indians | 78.4 | 68 |
| Detroit Tigers | 132.3 | 88 |
| Kasas City Royals | 60.9 | 72 |
| Los Angeles Angels | 154.5 | 89 |
| Minnesota Twins | 94.1 | 66 |
| New York Yankees | 198 | 95 |
| Oakland Athletics | 55.4 | 94 |
| Seattle Mariners | 82 | 75 |
| Tampa Bay Rays | 64.2 | 90 |
| Texas Rangers | 120.5 | 93 |
| Toronto Blue Jays | 75.5 | 73 |
Solution
