Professional athletes in North America are paid very well for their ability to play games that amateurs
Question:
Professional athletes in North America are paid very well for their ability to play games that amateurs play for fun. To determine the factors that influence a team to pay a hockey player’s salary, an MBA student randomly selected 50 hockey players who played in the 1992–1993 and 1993–1994 seasons. He recorded their salaries at the end of the 1993–1994 seasons as well as a number of performance measures in the previous two seasons. The following data were recorded.
Columns 1 and 2: Games played in 1992–1993 and 1993–1994
Columns 3 and 4: Goals scored in 1992–1993 and 1993–1994
Columns 5 and 6: Assists recorded in 1992–1993 and 1993–1994
Columns 7 and 8: Plus/minus score in 1992–1993 and 1993–1994
Columns 9 and 10: Penalty minutes served in 1992–1993 and 1993–1994
Column 11: Salary in U.S. dollars
(Plus/minus is the number of goals scored by the player’s team minus the number of goals scored by the opposing team while the player is on the ice.) Develop a model that analyzes the relationship between salary and the performance measures. Describe your findings.
Step by Step Answer:
Statistics For Management And Economics Abbreviated
ISBN: 9781285869643
10th Edition
Authors: Gerald Keller