The average salary for 30 top NFL quarterbacks in 2017 was just over $13,000,000. A linear model
Question:
The average salary for 30 top NFL quarterbacks in 2017 was just over $13,000,000. A linear model to predict Salary from Total QBR (an overall measure of performance based on game statistics) found the following:
a) What is the explanatory variable?
b) What is the response variable?
c) What does the slope mean in this context?
d) What does the y-intercept mean in this context? Is it meaningful?
e) What do you predict the Salary for a quarterback with a
Total QBR of 60 points to be?
f) Tom Brady of the New England Patriots had a Total QBR of 83 and was paid $14,000,000 in 2016. What was his residual?
g) According to the model, was Brady over- or underpaid for the 2016 season? Explain.
Step by Step Answer:
Business Statistics
ISBN: 9780134705217
4th Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman