MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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24. Below is some of the regression output from a simple regression of the number of wins for a major league baseball team and the size amount of money the team is paying its players (expressed in millions of $'s)

SUMMARY OUTPUT

Wins v. Team Payroll

 

 

 

 

  1.  

 

 

 

 

 

 

 

Regression Statistics

 

 

 

 

 

 

Multiple R

 

 

 

 

 

 

R Square

 

 

 

 

 

 

Adjusted R Square

 

 

 

 

 

 

Standard Error

 

 

 

 

 

 

Observations

30

 

 

 

 

 

 

 

 

 

 

 

 

ANOVA

 

 

 

 

 

 

 

df

SS

MS

F

 

 

 

Regression

 

1032.6

1032.6

13.7

 

 

Residual

 

2109.7

75.3

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Coefficients

Standard Error

t Stat

P-value

Lower 95%

Upper 95%

Intercept

67.6

4.02

16.8

3.515E-16

59.4

75.9

Payroll

0.249

0.0673

 

0.0009

 

0.387


  1. Based on the regression output, what is the correlation between the two variables? (please express your answer using 3 decimal places)
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