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

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

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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trying to calculate correlation.

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's) 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% 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)
Transcribed Image Text: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's) 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% 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)
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