The total number of wins a baseball team can accumulate in a season per million spent...

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The total number of wins a baseball team can accumulate in a season per million spent on payroll is governed by a logistic curve. Let W(x) represent wins in a season and x represent the team payroll in millions of dollars. The maximum number of wins a team can achieve in a season is 162 wins. Suppose that if a team spends nothing on payroll, they still win 20 games in a season, thus W(0) = 20. Further, suppose that if the Phillies have a payroll of 100 million dollars, they can win 120 games in the season. Thus W(100) = 120. 7. Find the logistic curve W(x) for the Phillies predicting wins per x million spent on payroll. The total number of wins a baseball team can accumulate in a season per million spent on payroll is governed by a logistic curve. Let W(x) represent wins in a season and x represent the team payroll in millions of dollars. The maximum number of wins a team can achieve in a season is 162 wins. Suppose that if a team spends nothing on payroll, they still win 20 games in a season, thus W(0) = 20. Further, suppose that if the Phillies have a payroll of 100 million dollars, they can win 120 games in the season. Thus W(100) = 120. 7. Find the logistic curve W(x) for the Phillies predicting wins per x million spent on payroll.

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To find the logistic curve Wx for the Phillies predicting wins per x million spent on payroll we can use the given information to determine the parame... View the full answer