trying to calculate correlation. QUESTION 24Below is some of the regression output from a simple regression of the number of wins for a major league baseball teamand the size amount of money the team is paying its players (expressed in millions of S's)SUMMARY OUTPUT Wins v. Team PayrollRegression StatisticsMultiple RR SquareAdjusted R SquareStandard ErrorObservations30ANOVAdfMSFRegression]1032.61032.613.7Residual2109.775.3TotalCoefficientsStandard Error t StatP-valueLower 95%Upper95%Intercept67.64.0216.83.515E-16 59.475.9Payroll0.2490.06730.00090.387Based on the regression output, what is the correlation between the two variables? (please express your answer using 3decimal places)

The value of SSregression is 1032.6 and the value of SSresidual is 2109.7.

Answered: Based on the regression output, what is…

Based on the regression output, what is the correlation between the two variables? (please express your answer using 3 decimal places)

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter2: Exponential, Logarithmic, And Trigonometric Functions

Section2.CR: Chapter 2 Review

Problem 111CR: Respiratory Rate Researchers have found that the 95 th percentile the value at which 95% of the data...

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trying to calculate correlation.

Definition Definition Relationship between two independent variables. A correlation tells the degree to which variables move in relation to each other. When two sets of data are related to each other, there is a correlation between them.

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