The Information Below Is from the Multiple Regression Analysis Computer

question 39

Multiple Choice

The information below is from the multiple regression analysis computer output for 28 teams in
Major League Baseball. The model is designed to predict wins using attendance, payroll, batting
Average, home runs, stolen bases, errors, and team ERA.
Predict the number of wins for a team with:
BATAVG = 0.260 HOMERUNS = 150 ERA = 3
STOLENBASE = 100 ERROR = 100
PAYROLL = 25(million)
ATTENDANCE = 3(million)

• A) 77
• B) 102
• C) 187
• D) 210
• E) 186 Multiple Choice Difficulty: Hard Learning

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Definitions:

Pareto's Law

A principle stating that a small proportion of causes is responsible for a large portion of the effect, often summarized as 80% of effects come from 20% of causes.

80/20 Principle

The 80/20 Principle, also known as the Pareto Principle, is the idea that roughly 80% of effects come from 20% of causes, often observed in business, economics, and various other fields.

"Should Do" Objectives

Goals or aims that are considered important and beneficial for an individual or organization to attempt to achieve, though they might not be critical.

Planning Horizon

The time period over which an individual or organization projects, plans, and makes decisions for future actions.