Is the number of games won by a major league baseball team in a season related to the team's batting average? Data from 14 teams were collected and the summary statistics yield: $$\sum y = 1,134 , \sum { x } = 3.642 , \sum y ^ { 2 } = 93,110 , \sum x^ { 2 } = .948622 , \text { and } \sum { x y } = 295.54$$
Assume $\hat { \beta } 1 = 455.27$. Estimate and interpret the estimate of $\sigma$.

Question

Is the number of games won by a major league baseball team in a season related to the team's batting average? Data from 14 teams were collected and the summary statistics yield: $$\sum y = 1,134 , \sum  { x } = 3.642 , \sum y ^ { 2 } = 93,110 , \sum x^ { 2 } = .948622 , \text { and } \sum  { x y } = 295.54$$
Assume $\hat { \beta } 1 = 455.27$. Estimate and interpret the estimate of $\sigma$.

Quizplus · Accepted Answer

The Answer of Is the number of games won by a major league baseball team in a season related to the team's batting average? Data from 14 teams were collected and the summary statistics yield: $$\sum y = 1,134 , \sum  { x } = 3.642 , \sum y ^ { 2 } = 93,110 , \sum x^ { 2 } = .948622 , \text { and } \sum  { x y } = 295.54$$
Assume $\hat { \beta } 1 = 455.27$. Estimate and interpret the estimate of $\sigma$.