Answer:
Kindly check explanation for other solutions
Years, Inning and saves are statistically significant ; ERA is not.
Step-by-step explanation:
Earning for staying one additional year :
Multiply slope value of years * 1 = 0.052 * 1 * 100 % = 5.2% (earning increases by 5.2%)
Relives with 10 more saves :
10 * 0.0032 * 100% = 3.2% (earning increases by 3.2%)
Having 100 more innings :
100 * 0.00089 * 100% = 8.9%
If ERA is reduced by 1.5 ; earning will increase by (0.0085*100)% * 1.5 = 1.275%
B.) At 5% level of confidence :
α = 1.64
Years = 0.052/0.026=2
Inning = 0.00089/0.00020 = 4.45
Saves = 0.0032/0.0018 = 1.78
ERA = 0.0085/0.0168 = 0.51
Years, Inning and saves are statistically significant as they are greater than α ; As for ERA, it is not statistically significant (0.51 < 1.64)
