Identify the elements of skill and chance involved in competing in
fantasy sports leagues and the relative influence of skill elements as
compared with chance elements in determining the winners in various 
fantasy competitions, primarily those involving football and baseball.

I don't think this is a direct answer to your question, but a lot of
the information you require is listed on http://www.rotochamps.com

They have posted few articles that explain the parojections and hard
stats and how they were derived.  There is also an explanation of how
"heavy" to weigh certain stats, such as perhaps a hitter with a higher
SB% is considered more valuable than a hitter with a higher hr%