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 OUTPUTWins v. Team PayrollRegression StatisticsMultiple RR SquareAdjusted R SquareStandard ErrorObservations30ANOVAdfSSMSRegression]1032.61032.613.7Residual2109.775.3TotalCoefficientsStandard Errort StatP-valueLower 95%Upper95%Intercept67.64.0216.83.515E-16 59.475.9Payroll0.2490.067310.00090.387

It is given that SS(regression) = 1032.6 SS(residual) = 2109.7, then SS(total) = 1032.6+2109.7 =…

Answered: Based on the regression output, what is…

Math

Statistics

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

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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