Question

Please help me with Part G

(1 point) A professional hockey player is about to become a free-agent, meaning he can play for any team he wishes. Having taken Statistics 217 as a student at U of C, he knows how powerful statistics can be when making decisions when faced with uncertainty He wishes to use the statistical skills acquired during this Stat 217 days to see if the value of his free-agency contract depends on the length of the contract. That is, can he express the total value of the contract as a linear function of the number of years it is good for? The model he proposes is ContractValue -Bo+ BiLengthi+e where Lengthi - is the length, in years, of the contract awarded to a NHL player i after he became a free agent ContractValue; is total value of the contract awarded to a NHL player i, in millions of S He looked at the free agent contracts of n 40 NHL players, and assumes that the value of one contract does not dictate the value of another. He ran a regression in Minitab getting the following output: ears on the Cantract Regression Analysis: Contract versus Duration Predictor Coef SD CoefT P Constant-7.739 2.150 Duration 58214 0.6245 S 5.4836 R-Sq- Analysis of Variance Regression Residual Error Total 1142.66 39 37555

Answer 1

2t.uo 3 ± 2 o24uxs.u83s*SyYt('t/y0.tCS-126 /uok = 21,o3+ 3 23.396)