Examlex
The partial megastat output below is regression analysis of the relationship between annual payroll
And number of wins in a season for 28 teams in professional sports. The purpose of the analysis is
To predict the number of wins when given an annual payroll in $millions. Although technically not a
Sample, the baseball data below will be treated as a convenience sample of all major league
Professional sports.
Refer to the printout above. The regression equation is:
Direct Labor
Workers or employees who are directly involved in the production of goods or services.
Percentage Markup
The increase in cost price expressed as a percentage of the cost.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including materials and labor.
Average Price
The mean amount of money paid for goods or services, calculated by dividing the total cost by the number of items bought.
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