As you did for the basketball project, please give your interpretation of the degree of correlation between these sets of data and Win Percentage (Is the correlation positive, negative or non-existent?
economics
Description
INDEPENDENT
VARIABLES- (X VARIABLES)
1. Baseball
Media Market Rank (Size of Media Market) for each MLB Team in 2019
2. Baseball
Payroll Amounts spent for each MLB Team in 2019
3. # of
Homeruns hit by each MLB team in 2019
4. # of
Shutouts pitched by each MLB team in 2019
[including combined shutouts by multiple pitchers, not
just complete game shutouts by one pitcher]
5. Errors
committed by each MLB team in the field in 2019
INSTRUCTIONS:
a) Pick any 3
of the sets of data from #2-#6.
b) Please
enter all of the 2019 MLB season data for your Dependent Variable and chosen
Independent Variable categories on an Excel spreadsheet (The numbers can be
copied and pasted from the website if you would like). Each set of data should be under a different
column with Heading.
c) On the Excel
spreadsheet, calculate the correlation coefficient between the chosen Dependent
Variable and individual Independent Variables:
a. select an
empty cell
b. at the top
of the screen left-click on Formulas and choose More Formulas, then Statistical
c. choose the
CORREL function and fill in each array with the cells holding the Dependent
Variable and the Independent Variable
d) As you did
for the basketball project, please give your interpretation of the degree of
correlation between these sets of data and Win Percentage (Is the correlation
positive, negative or non-existent? Is
the correlation very high, high, moderate, or low [weak]). Please give
concrete examples from the data for each of your chosen
independent variables that support the level of correlation. Are there outliers in the data that seem to
contradict the overall correlation values for the category or are the results
consistent?
e) How did the
results differ from your expectations beforehand regarding the degree and/or
direction of correlation between each of your chosen variables and Win
Percentage? Again,
please give specific examples.
