Statistics are widely used in Major League Baseball. Does a baseball player's batting average (AVG) determine their salary? The following is a chart of 25 baseball players' statistics from 2016. Let the explanatory variable x = AVG and the response variable y= Salary.
Determine the correlation coefficient. (Round your answer to 4 decimal places.)
Find the slope, y-intercept, and equation of the least-squares line ˆy=a+bxy^=a+bx .
a = (Round to 4 decimal places.)
b = (Round to 4 decimal places.)
ˆy =
For a batter with a batting average of 0.254, determine the player's predicted Salary.
millions (Round to one decimal place.)
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