13th Edition

ISBN: 9781305881884

Author: Anderson

Publisher: CENGAGE L

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In statistics, the counting principle can be said to be the concept in which the quantity of an item is determined. There can be a single item, or a group of items, or items that are related to each other. In every possible set of items, the quantity of …

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Chapter 3.5, Problem 57E

Ten major college football bowl games were played in January 2010, with the University of Alabama beating the University of Texas 37 to 21 to become the national champion of college football. The results of the 10 bowl games follow (USA today, January 8, 2010).

Chapter 3.5, Problem 57E, Ten major college football bowl games were played in January 2010, with the University of Alabama

The predicted winning point margin was based on Las Vegas betting odds approximately one week before the bowl games were played. For example, Auburn was predicted to beat Northwestern in the Outback Bowl by five points. The actual winning point margin for Auburn was three points. A negative predicted winning point margin means that the team that won the bowl game was an underdog and expected to lose. For example, in the Rose Bowl, Ohio State was a two-point underdog to Oregon and ended up winning by nine points.

a. Develop a scatter diagram with predicted point margin on the horizontal axis.
b. What is the relationship between predicted and actual point margins?
c. Compute and interpret the sample covariance.
d. Compute the sample correlation coefficient. What does this value indicate about the relationship between the Las Vegas predicted point margin and the actual point margin in college football bowl games?

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Chapter 3 Solutions

STATISTICS F/BUSINESS+ECONOMICS-TEXT

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Solution Summary: The author explains how to draw a scatter diagram with predicted point margin on the horizontal axis using the MINITAB software.

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Chapter 3 Solutions