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, what lower bound of the 95% confidence interval for the coefficient of Payroll? (please express your answer using 3 decimal places) *fill in the table*

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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23) 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, what lower bound of the 95% confidence interval for the coefficient of Payroll? (please express your answer using 3 decimal places) *fill in the table*
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
11032.6
1032.6
13.7
Residual
2109.7
75.3
Total
P-value
Lower 95%
Upper
95%
75.9
Coefficients
Standard Errort Stat
Intercept
67.6
4.02
16.8
3.515E-16 59.4
Payroll
0.268
0.061
0.0009
0.387
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 11032.6 1032.6 13.7 Residual 2109.7 75.3 Total P-value Lower 95% Upper 95% 75.9 Coefficients Standard Errort Stat Intercept 67.6 4.02 16.8 3.515E-16 59.4 Payroll 0.268 0.061 0.0009 0.387
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