Based on the regression output, what is the correlation between the two variables

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 1GP
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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) *fill in blanks of the table* Based on the regression output, what is the correlation between the two variables? *round to 3 decimal places*
SUMMARY OUTPUT
Wins v. Team Payroll
Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations
30
ANOVA
df
SS
MS
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
10.0009
0.387
Transcribed Image Text:SUMMARY OUTPUT Wins v. Team Payroll Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 30 ANOVA df SS MS 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 10.0009 0.387
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