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 millic SUMMARY OUTPUT Wins v. Team Payroll Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 30 ANOVA df SS MS F Regression 1032.6 2109.7 1032.6 13.7 Residual 75.3 Total Coefficients Standard Error t Stat P-val ue Lower 95% Upper 95% 75.9 Intercept 67.6 4.02 16.8 3.515E-16 59.4 Payroll 0.249 0.0673 0.0009 0.387 Based on the regression output, if you were to test the hypothesis that the coefficient on the Payroll variable was equal to 0 or not.. H, : Braroli =0 %3D Pay H: Braro # 0 What is the test statistic? (please express your answer using 2 decimal places) 3.70
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 millic SUMMARY OUTPUT Wins v. Team Payroll Regression Statistics Multiple R R Square Adjusted R Square Standard Error Observations 30 ANOVA df SS MS F Regression 1032.6 2109.7 1032.6 13.7 Residual 75.3 Total Coefficients Standard Error t Stat P-val ue Lower 95% Upper 95% 75.9 Intercept 67.6 4.02 16.8 3.515E-16 59.4 Payroll 0.249 0.0673 0.0009 0.387 Based on the regression output, if you were to test the hypothesis that the coefficient on the Payroll variable was equal to 0 or not.. H, : Braroli =0 %3D Pay H: Braro # 0 What is the test statistic? (please express your answer using 2 decimal places) 3.70
Chapter3: Polynomial Functions
Section3.5: Mathematical Modeling And Variation
Problem 2ECP
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21) 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)
*Please fill in the table and show scratchwork*
Transcribed Image Text: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 million
SUMMARY OUTPUT Wins v. Team Payroll
Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations
30
ANOVA
df
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%
75.9
Intercept
67.6
4.02
16.8
3.515E-16 59.4
Payroll
0.249
0.0673
10.0009
70.387
Based on the regression output, if you were to test the hypothesis that the coefficient on the Payroll variable was equal to 0 or not..
H.: Braroli = 0
H: Braroli # 0
What is the test statistic? (please express your answer using 2 decimal places)
3.70
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