The Partial Megastat Output Below Is Regression Analysis of the Relationship

question 2

Multiple Choice

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:

• A) = 0.379 + 68.8291x
• B) = 68.8291 + 0.3979x
• C) = 0.2473 + 0.3979x
• D) = 68.8291 + 0.2473x

---

Definitions:

Demand

The desire of purchasers to buy a certain good or service, backed by the ability and willingness to pay a specific price.

Real Interest Rate

The interest rate adjusted for inflation, reflecting the true cost of borrowing and the real yield to savers.

Loanable Funds

The supply of funds available for borrowing in the financial markets, impacting interest rates.

Quantity Supplied

The amount of a good that sellers are willing and able to sell.