Residual wins Refer to Exercise 37. The Chicago Cubs won the World

Page Number: 203 Series in 2016. They had 103 wins and spent $182 million on the payroll. Calculate and interpret the residual for the Cubs.

Short Answer

Expert verified

Residual is17.002

Step by step solution

01

Given information and Explanation

It is given in the question of the regression line that,

y=60.7+0.139x

And given that the Chicago Cubs won 103 games and spent $182 million on salary.

Thus

x=182y=103

Thus, the predicted number of wins is as:

y=60.7+0.139x=60.7+0.139(182)=85.998

Therefore, the residual for the cubs will be calculated as:

Residual=yy=10385.998=17.002

This means that while utilizing the regression line to make predictions, we underestimated the number of victories for the Chicago Cubs by 17.002 wins.

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