Question

Earlier we investigated the relationship between x = payroll (in millions of dollars) and y = number of wins for Major League Baseball teams in 2016. Given is a scatterplot of the data, along with the regression line y^ = 60.7 + 0.139x . Interpret the slope of the regression line.

Answer 1

Answer:

Kindly check explanation

Step-by-step explanation:

Given that:

Equation of regression line : y^ = 60.7 + 0.139x

x = payroll (in millions of dollars) and y = number of wins for Major League Baseball teams in 2016.

From the general regression equation:

y = mx + c

Where m = slope of regression line.

The slope (m) of the equation given is 0.139

The slope could be interpreted as ; for every per unit change in y (every win a major league baseball team has in 2016), the payroll in million dollar increases by a product of 0.139