(See Solution) The graph shows the relationship between the number of games won by a Chicago basketball team and the average salary (in millions) for a ten-year
Question: The graph shows the relationship between the number of games won by a Chicago basketball team and the average salary (in millions) for a ten-year period. Use the scatter plot, the residuals plot, and part of the regression analysis to answer the question.
Dependent variable is: # of wins
R-squared= 65%
Variable | Coefficient
Constant | 302,045.37
Salary | 8.973
- Is a linear model appropriate here?
- Interpret the meaning of R-squared in this context.
- What is the correlation between salary and average wins?
Deliverable: Word Document 