Perform a regression and hypothesis test
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Perform a regression analysis based on the attached data: Team C want to show a scatter plot with sample correlation coefficients for 15 Major League Baseball teams randomly chosen out of 30 Major League Baseball teams. Is the correlation (r = .3182) between wins and salary statistically significant?
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Solution Summary
Team C want to show a scatter plot with sample correlation coefficients for 15 Major League Baseball teams randomly chosen out of 30 Major League Baseball teams. Is the correlation (r = .3182) between wins and salary statistically significant?
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Test stat=r*[sqrt((n-2)/(1-r2))] = 0.1239 (substitute r = 0.3182, n=15, verify ...
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