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

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter4: Eigenvalues And Eigenvectors
Section4.6: Applications And The Perron-frobenius Theorem
Problem 25EQ
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20) 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 that 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
12109.7
75.3
Total
Upper
95%
75.9
Coefficients
Standard Error t Stat
P-value
Lower 95%
67.6
4.02
16.8
3.515E-16 59.4
Intercept
0.0673
0.0009
0.387
Payroll
0.249
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 12109.7 75.3 Total Upper 95% 75.9 Coefficients Standard Error t Stat P-value Lower 95% 67.6 4.02 16.8 3.515E-16 59.4 Intercept 0.0673 0.0009 0.387 Payroll 0.249
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