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Use the Regression tool (Data Analysis tools, on the right-hand side of the Data

by | Oct 21, 2021 | Statistics | 0 comments

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Use the Regression tool (Data Analysis tools, on the right-hand side of the Data menu-ribbon) to perform a regression of the SPONSORSHIP EARNINGS feature (‘Y’ variable) on the AGE feature (‘X’ variable).
Use the SUMMARY OUTPUT table to answer the following questions in a text submission (below). Copy-and-paste the contents of the SUMMARY OUTPUT table from Excel into your text submission. 1) What is the weight parameter (“Coefficient”) of the AGE feature?
2) Explain the meaning of the AGE feature’s weight parameter, as it pertains to SPONSORSHIP EARNINGS.
3) What is the p-value of the AGE feature’s weight parameter?
4) Does a player’s AGE have a statistically-significant effect on that player’s SPONSORSHIP EARNINGS? How do you know?

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