Are you surprised by the estimated coefficients

Reference no: EM131798842

American football is the highest paying sport on a per game basis. The quarterback, considered the most important player on the team, is appropriately compensated. A sport statistician wants to use 2009 data to estimate a multiple regression model that links the quarterback's salary with his pass completion percentage (PCT), total touchdowns scored (TD), and his age. A portion of the data is shown below; the complete data set can be found on the text website, labeled Quarterback Salaries.

191_multiple regression model.png

a. Estimate the model defined as Salary = β₀ + β₁ PCT + β₂TD + β₂Age + ε.

b. Are you surprised by the estimated coefficients?

c. Drew Brees earned 12.9895 million dollars in 2009. According to the model, what is his predicted salary given his PCT, TD, and age of 70.6,34, and 30, respectively?

d. Tom Brady earned 8.0073 million dollars in 2009. According to the model, what is his predicted salary given his PCT, TD, and age of 65.7,28, and 32, respectively?

e. Compute and interpret the residual salary for Drew Brees and Tom Brady.

Reference no: EM131798842

Questions Cloud

Find the average price as demand ranges from 49 to 99 units : Demand the demand function for a certain product is given. Find the average price as demand ranges from 49 to 99 units.

What is the smallest n that can be used : Suppose that a definite integral is to be approximated and it is found that to achieve a specified accuracy, n must satisfy n = 4.8.

Journalize transactions in the two-column journal starting : Journalize each of the May transactions in the two-column journal starting

Why should resources be a concern in a global strategy : Why should resources be a concern in a global strategy? What resources may be a concern in the country you selected?

Are you surprised by the estimated coefficients : a. Estimate the model defined as Salary = ß0 + ß1 PCT + ß2TD + ß2Age + e. b. Are you surprised by the estimated coefficients?

Find the average amount in the savings account : Savings the future value of $1000 invested in a savings account at 10%, compounded continuously, is S = 1000e0.1t, where t is in years.

Perform a swot analysis for delta airlines : Perform a SWOT analysis for Delta Airlines. What alternatives does Delta Airlines face to address the problem of declining financial performance?

Find the gini coefficient of income : Income distribution in 1969, after the "Great Society" initiatives of the Johnson administration, the Lorenz curve for the U.S. income distribution.

Calculate the standard error of the estimate : In a multiple regression with four explanatory variables and 100 observations, it is found that SSR = 4.75 and SST = 7.62.

User Account

All Pages