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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... What is the test statistic?

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... What is the test statistic?

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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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) 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... What is the test statistic? (please round to 2 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 F Regression 1032.6 1032.6 13.7 Residual 2109.7 75.3 Total Coefficients Standard Error t Stat P-value Lower 95% Intercept Payroll Upper 95% 75.9 67.6 4.02 16.8 3.515E-16 59.4 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: Praron=0 H: PPayrol +0
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 F Regression 1032.6 1032.6 13.7 Residual 2109.7 75.3 Total Coefficients Standard Error t Stat P-value Lower 95% Intercept Payroll Upper 95% 75.9 67.6 4.02 16.8 3.515E-16 59.4 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: Praron=0 H: PPayrol +0
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