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Unformatted text preview: $0.05499 is the salary if games make no profit. C. : = 0 : 0 Formula: = 3.057 P-value: .0038, which is less than the p-value of 0.005 for a 1% level of significance, therefore we can reject the null of : = 0 so profit from a basketball program does influence the coaches salary. D. E. The histogram does not look evenly distributed. The data is positively skewed because some of the coaches are making more than the model predicts(perhaps due to the fact some teams are more popular than others and have more fans attending their games); this pulls the average higher than the median (what a bulk of college basketball coaches make). A higher average than median makes the data positively skewed. This also means that other factors besides the profit influences the coaches salary....
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This note was uploaded on 01/25/2012 for the course ECN 102 taught by Professor Saler during the Fall '11 term at University of Colorado Denver.
- Fall '11