Based on the regression output, what is the predicted number of wins for a team with a payroll of $41 million

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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22) 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 the table* Based on the regression output, what is the predicted number of wins for a team with a payroll of $41 million? (please round to 2 decimal places)
SUMMARY
Wins v. Team Payroll
OUTPUT
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%
75.9
Intercept
67.6
4.02
16.8
3.515E-16 59.4
Payroll
0.215
0.0673
10.0009
10.387
Transcribed Image Text:SUMMARY Wins v. Team Payroll OUTPUT 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% 75.9 Intercept 67.6 4.02 16.8 3.515E-16 59.4 Payroll 0.215 0.0673 10.0009 10.387
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