On December 17, 2007 baseball writer John Hickey wrote an article for the Seattle P-I about increases to ticket prices for Seattle Mariners games during the 2008 season. The article included a data set that listed the average ticket price for each MLB team, the league in which the team plays (AL or NL), the number of wins during the 2007 season and the cost per win (in dollars). The data for the 16 National League teams are shown below.
Compute the correlation between average 2007price and number of 2007wins for these 16 teams. (Assume the correlation conditions have been satisfied and round your answer to the nearest 0.001.)
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