In 2008, the total payroll for the New York Yankees was $209.1 million, while the total payroll for the Tampa By Rays was about $43.8 million about 1/5th of that of the Yankees. The table below lists the payrolls in millions for all 14 MLB teams in the American league and the total victories for 2008Team Payroll millions victoriesNY Yankees 209.1 89Detroit Tigers 138.7 74Boston Red Sox 133.4 95Chicago White sox 121.2 89Cleveland Indians 79 81Baltimore Orioles 67.2 68Oakland Athletics 48 75Los Angeles Angels 119.2 100Seattle Mariners 118 61Toronto Blue Jays 98.6 86Minnesota Twins 62.2 88Kansas City 58.2 75Tampa Bay 43.8 97Texas Rangers 68.2 79Develop a regression model to predict total number of victories based on payroll of the team. Based on results discuss how accurate the model is. Use the model to predict the number of victories for a team with a payroll of $79million
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