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 10 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.
$------- increase in team payroll (in
$million) needed for basketball team to win 10 more games
Recent BASKETBALL Team Payrolls and Wins | ||
Team | Payroll | Wins |
Cleveland Cavaliers | 137.363 | 50 |
Los Angeles Lakers | 105.355 | 35 |
Boston Celtics | 115.084 | 55 |
Orlando Magic | 98.285 | 25 |
Denver Nuggets | 107.889 | 46 |
Portland Trail Blazers | 119.109 | 49 |
Houston Rockets | 119.070 | 65 |
San Antonio Spurs | 116.154 | 47 |
Dallas Mavericks | 85.904 | 24 |
New Orleans Pelicans | 119.800 | 48 |
Utah Jazz | 107.613 | 48 |
Atlanta Hawks | 100.414 | 24 |
Phoenix Suns | 94.818 | 21 |
Miami Heat | 131.223 | 44 |
Chicago Bulls | 89.425 | 27 |
Philadelphia 76ers | 100.794 | 52 |
Detroit Pistons | 100.086 | 39 |
Indiana Pacers | 94.430 | 48 |
Charlotte Hornets | 117.228 | 36 |
Milwaukee Bucks | 120.805 | 44 |
Brooklyn Nets | 96.040 | 28 |
Toronto Raptors | 116.575 | 59 |
New York Knicks | 107.855 | 29 |
Golden State Warriors | 137.495 | 58 |
Minnesota Timberwolves | 117.469 | 47 |
Memphis Grizzlies | 110.273 | 22 |
Oklahoma City Thunder | 134.294 | 48 |
Washington Wizards | 124.180 | 43 |
Los Angeles Clippers | 118.907 | 42 |
Sacramento Kings | 95.628 | 27 |
Solution :-
Question-4 :-
Given data :
From question-1, Slope = 0.558
Here we need to calculate the increase in payoff when we want increase 10 more wins.
Then , Increase in payoffs = Number of games win / Slope
Increase in payoffs = 10 / 0.558
Increase in payoffs = 17.92
$ 17.92 increase in team payroll ( in $million ) needed for basketball team to win 7 more games.
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