Is there a relationship between total team salary and team performance in a sport such as professional basketball To answer this question we will examine the number of wins and total team payroll in a recent season for all the teams in professional basketball (also known as the NBA) The data are in thisExcel file Let the x variable be the team payroll and let the y variable be the team wins Find the intercept b 0 and slope b 1 of the least squares prediction line b 0 b 1 Payroll If an NBA team spent an additional $10 million in team salary, how many more games could the team expect to win What is the residual for this basketball team (use 2 decimal places in your answer) All teams have a goal to make the postseason playoffs A basketball team thinks that it can make the playoffs next year if it wins 7 more games How much should the basketball team increase its payroll if it wants to make the playoffs next year Note Use 2 decimal places Your answer should be in units of $1 million do NOT include a dollar sign in the answer for example, if a team should increase its payroll by $5,250,000, then the answer is 5 25 Payrolls are in millions of dollars 2013 2014 Basketball Team Payrolls and Wins Team Payroll Wins San Antonio Spurs 64 363 62 Oklahoma City Thunder 71 781 59 Los Angeles Clippers 73 943 57 Indiana Pacers 70 436 56 Portland Trail Blazers 63 215 54 Houston Rockets 65 086 54 Miami Heat 84 330 54 Golden State Warriors 67 827 51 Memphis Grizzlies 67 867 50 Dallas Mavericks 67 732 49 Phoenix Suns 58 513 48 Chicago Bulls 82 024 48 Toronto Raptors 70 929 48 Brooklyn Nets 102 609 44 Washington Wizards 70 945 44 Charlotte Hornets 61 309 43 Minnesota Timberwolves 68 495 40 Atlanta Hawks 57 359 38 New York Knicks 89 184 37 Denver Nuggets 67 324 36 New Orleans Pelicans 64 012 34 Cleveland Cavaliers 61 089 33 Detroit Pistons 61 897 29 Sacramento Kings 60 027 28 Los Angeles Lakers 79 364 27 Boston Celtics 71 485 25 Utah Jazz 56 818 25 Orlando Magic 61 776 23 Philadelphia 76ers 47 119 19 Milwaukee Bucks 51 175 15

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Is there a relationship between total team salary and team performance in a sport such as professional basketball? To answer this question we will examine

Is there a relationship between total team salary and team performance in a sport such as professional basketball? To answer this question we will examine the number of wins and total team payroll in a recent season for all the teams in professional basketball (also known as the NBA). The data are in thisExcel file Let the x-variable be the team payroll and let the y-variable be the team wins. Find the intercept b₀and slope b₁of the least squares prediction line= b₀+ b₁Payroll. If an NBA team spent anadditional$10 million in team salary, how manymoregames could the team expect to win? What is the residual for this basketball team? (use 2 decimal places in your answer) All teams have a goal to make the postseason playoffs. A basketball team thinks that it can make the playoffs next year if it wins 7 more games. How much should the basketball team increase its payroll if it wants to make the playoffs next year? Note:Use 2 decimal places. Your answer should be in units of $1 million; do NOT include a dollar sign in the answer; for example, if a team should increase its payroll by $5,250,000, then the answer is 5.25. Payrolls are in millions of dollars
2013-2014 Basketball Team Payrolls and Wins
Team	Payroll	Wins
San Antonio Spurs	64.363	62
Oklahoma City Thunder	71.781	59
Los Angeles Clippers	73.943	57
Indiana Pacers	70.436	56
Portland Trail Blazers	63.215	54
Houston Rockets	65.086	54
Miami Heat	84.330	54
Golden State Warriors	67.827	51
Memphis Grizzlies	67.867	50
Dallas Mavericks	67.732	49
Phoenix Suns	58.513	48
Chicago Bulls	82.024	48
Toronto Raptors	70.929	48
Brooklyn Nets	102.609	44
Washington Wizards	70.945	44
Charlotte Hornets	61.309	43
Minnesota Timberwolves	68.495	40
Atlanta Hawks	57.359	38
New York Knicks	89.184	37
Denver Nuggets	67.324	36
New Orleans Pelicans	64.012	34
Cleveland Cavaliers	61.089	33
Detroit Pistons	61.897	29
Sacramento Kings	60.027	28
Los Angeles Lakers	79.364	27
Boston Celtics	71.485	25
Utah Jazz	56.818	25
Orlando Magic	61.776	23
Philadelphia 76ers	47.119	19
Milwaukee Bucks	51.175	15