The National Basketball Association has estimated that the salary of a player on a monthly basis...

 

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The National Basketball Association has estimated that the salary of a player on a monthly basis in United States Dollars. Table I Regression Analysis I Coefficient Variable T-Statistic Constant 1,780,966 13.70 Field Goal 100, 000 14 38 R-squared 0.68 a. Interpret the coefficients and comment on their importance in explaining the dependent variable. [Your answer should be in a maximum of 6 lines and should include any information needed to evaluate the relationship you provided]. (4 marks) b. Interpret the R-squared of the regression analysis? (1 mark) c Suggest a variable that could be added to the relationship. Construct a new regression analysis with this variable. How does your interpretation of the relationship change with the inclusion of this variable? [Your answer should include any information needed to evaluate the relationship you provided]. (5 marks) The National Basketball Association has estimated that the salary of a player on a monthly basis in United States Dollars. Table I Regression Analysis I Coefficient Variable T-Statistic Constant 1,780,966 13.70 Field Goal 100, 000 14 38 R-squared 0.68 a. Interpret the coefficients and comment on their importance in explaining the dependent variable. [Your answer should be in a maximum of 6 lines and should include any information needed to evaluate the relationship you provided]. (4 marks) b. Interpret the R-squared of the regression analysis? (1 mark) c Suggest a variable that could be added to the relationship. Construct a new regression analysis with this variable. How does your interpretation of the relationship change with the inclusion of this variable? [Your answer should include any information needed to evaluate the relationship you provided]. (5 marks)

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Answer Explanation a i Slope 100000 For every one additional field goal scored t... View the full answer