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Question

In 2012, the New York Yankees won 95 games and spent $\$ 198$ million on salaries for their players (USA Today). Is there a relationship between salary and team performance in Major League Baseball? For the 2012 season, a linear model fit to the number of Wins (out of 162 regular season games) from the team Salary $(\$ M)$ for the 30 teams in the league is:

$\widehat{\text { Wins }}=76.45+0.046 \text { Salary. }$

c) What does the slope mean in this context?

Solution

VerifiedAnswered 1 year ago

Answered 1 year ago

Step 1

1 of 3It is given a linear model to predict the number of *Wins* from the team *Salary* (in $\$$M) :

$\widehat{\textit{Wins}} = 76.45 + 0.046 \textit{Salary}\,\,\,(\star)$

In this part of the problem, our task is to give the meaning of the slope in the model $(\star)$.

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