The Partial Mega Stat Output Below Is Regression Analysis of the Relationship

question 69

Multiple Choice

The partial Mega Stat 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 Sum of Squares Regression is:

• A) 3626.9841
• B) 3988.0000
• C) 361.0159
• D) 68.8291
• E) 129.5351

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Definitions:

Materials Quantity Variance

The deviation between the realized quantity of materials consumed in production and the forecasted quantity, multiplied by the set cost per unit.

March

The third month of the year in the Gregorian calendar, known for marking the change from winter to spring in the Northern Hemisphere.

Materials Price Variance

The difference between the actual cost of materials used in production and the expected (standard) cost.

January

is the first month of the year in the Gregorian calendar, often associated with fresh starts and planning.