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

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...

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


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

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

Jun 05, 2022

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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...

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