Regression 1 17420 17420 1.00 0.

326 Residual Error 28 487725 17419 Total 29 5051 44 Suppose the level of significance is a = .05. Because the p-value is .326, th ere does not appear to be a significant relationship between Income and Value. N ote, however, that Minitab has identified two unusual observations. Observation 15 (Los Angeles Dodgers) has been identified as having a large standardized resi dual and as an influential observation. Observation 20 (New York Yankees) has be en identified as having a large standardized residual. If the Los Angeles Dodger s observation was deleted from the data set and a new regression analysis is per formed, we would find the relationship between the two variables to be significa nt. But, doing so without some justification (other than that it improves the fi t) is not warranted. It is interesting to note, however, what the results are fo r teams that did not sustain a loss. After deleting the observations that had a negative Income, the regression results are as follows: