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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*

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
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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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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