(Solved): A NFL (National Football League) study was conducted to investigate the relationship between total ...

A NFL (National Football League) study was conducted to investigate the relationship between total team salary $x$ (in miltions of dollars) and the number of wins $y$ (out of 16 regular season games). The following regression equation was obtained. $y=1.783+0.062x$ a) Which is the correct interpretation of the slope of the line? For every $\$1$ miltion more in team salary, the number of wins increases by 0.062 . For every $\$0.062$ miltion more in team salary, the number of wins decreases by 1.783 . For every $\$1$ miltion more in team salary, the number of wins increases by 1.783 . For every $\$1.783$ miltion more in team salary, the number of wins decreases by 0.062 . b) A team spent $\$60$ miltion on team salary and its residual was -1.503 . How many games did they actually win?