MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Question
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 |
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Regression Statistics |
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Multiple R |
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R Square |
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Adjusted R Square |
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Standard Error |
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Observations |
30 |
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ANOVA |
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df |
SS |
MS |
F |
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Regression |
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1032.6 |
1032.6 |
13.7 |
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Residual |
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2109.7 |
75.3 |
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Total |
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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 |
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0.0009 |
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0.387 |
Based on the regression output, what is thecorrelation between the two variables? (please express your answer using 3 decimal places)
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