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What model would you report for the trend in salaries

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Reference no: EM131646474

Question: Baseball salaries 2005. Ballplayers have been signing ever larger contracts. The highest salaries (in millions of dollars per season) for some notable players are given in the following table.

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a) Examine a scatterplot of the data. Does it look straight?

b) Find the regression of Salary vs. Year and plot the residuals. Do they look straight?

c) Re-express the data, if necessary, to straighten the relationship.

d) What model would you report for the trend in salaries?

Reference no: EM131646474

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