Question

11v On December 17, 2007 baseball writer John Hickey wrote an article for the Seattle P-I about increases to ticket prices for Seattle Mariners games during the 2008 season. The article included a data set that listed the average ticket price for each MLB team, the league in which the team plays (AL or NL), the number of wins during the 2007 season and the cost per win (in dollars). The data for the 16 National League teams are shown below.

team	league	price	wins	cost/win
Arizona Diamondbacks	NL	19.68	90	35.40
Atlanta Braves	NL	17.07	84	32.89
Chicago Cubs	NL	34.30	85	65.33
Cincinnati Reds	NL	17.90	72	40.32
Colorado Rockies	NL	14.72	90	26.67
Florida Marlins	NL	16.70	71	38.13
Houston Astros	NL	26.66	73	59.11
Los Angeles Dodgers	NL	20.09	82	34.64
Milwaukee Brewers	NL	18.11	83	35.37
N.Y. Mets	NL	25.28	88	46.56
Philadelphia Phillies	NL	26.73	89	48.69
Pittsburgh Pirates	NL	17.08	68	40.67
San Diego Padres	NL	20.83	89	38.15
San Francisco Giants	NL	24.53	71	56.00
St. Louis Cardinals	NL	29.78	78	61.91
Washington Nationals	NL	20.88	73	46.30

Compute the correlation between average 2007 price and cost per win for these 16 teams. (Assume the correlation conditions have been satisfied and round your answer to the nearest 0.001.)

Answer 1