The table below lists the draft number of each player from the first round of the 1991 NBA draft and the annual salary (in $) of the contract that the player signed. The two missing entries are for players who signed with European teams Create a scatterplot (sketch it here) and describe the plot.

Compute the LSR line. Add the line to your plot; tell me what points your LSRL must go through.

Compute and interpret r and r2

What percent of the change in salary is explained by the change in the draft number?

What is the slope? Interpret it in context of the problem.

What is the y-intercept? Interpret this in context of the problem.

Calculate the predicted salary for a player picked 12th.

Calculate the residual for the previous prediction.

Was your prediction an overestimate or an underestimate?

What salary would the line predict for the players picked 15th and 25th?

By how much does the LSR line predict the salary to drop for each additional draft number? (each change of 1 in the x-variable)

Create a residual plot (sketch it here).