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Answer to Question #55201 in Statistics and Probability for jocelyn
Question #55201
dependent variable is home attendance
r-squared= 28.4%
variable is coefficient
constant= -6760.5
wins= 431.22
a) write a equation of the regression line
b) estimate the average attendance for a team with 50 wins
c) interpret the meaning of the slope of the regression line in this context
d) in general what would a negative residual mean in this context
e) the giants won 92 games and averaged 41,736 fans at their home games. calculate the residual for this team and explain what it means
r-squared= 28.4%
variable is coefficient
constant= -6760.5
wins= 431.22
a) write a equation of the regression line
b) estimate the average attendance for a team with 50 wins
c) interpret the meaning of the slope of the regression line in this context
d) in general what would a negative residual mean in this context
e) the giants won 92 games and averaged 41,736 fans at their home games. calculate the residual for this team and explain what it means
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