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) *please fill in the

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19) 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) *please fill in the blanks of the table* (show the scratch work so I can understand)
SUMMARY OUTPUT Wins v. Team Payroll
Regression Statistics
Multiple R
R Square
Adjusted R Square
Standard Error
Observations
30
ANOVA
df
SS
MS
Regression
1032.6
1032.6
13.7
Residual
2109.7
75.3
Total
Lower 95%
Upper
95%
75.9
Coefficients
Standard Error t Stat
P-value
Intercept
67.6
4.02
16.8
3.515E-16 59.4
Payroll
0.249
0.0673
10.0009
0.387
Based on the regression output, what is R
(or coefficient of determination)? (please express your answer using 3 decimal places)
0.329
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 Regression 1032.6 1032.6 13.7 Residual 2109.7 75.3 Total Lower 95% Upper 95% 75.9 Coefficients Standard Error t Stat P-value Intercept 67.6 4.02 16.8 3.515E-16 59.4 Payroll 0.249 0.0673 10.0009 0.387 Based on the regression output, what is R (or coefficient of determination)? (please express your answer using 3 decimal places) 0.329
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