Question: 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
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 1032.6 1032.6 13.7 Residual 2109.7 75.3 Total Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept 67.6 4.02 16.8 3.515E-16 59.4 75.9 Payroll 0.249 0.0673 0.0009 0.387 Based on the regression output, if you wanted to test whether the number of wins is related the team payroll, using the 5% level of significance, what would you conclude? the two variables are statistically significantly related at that level of significance the two variables are NOT statistically significantly related at that level of significance there is not enough information to determine whether the two variables are statistically significantly related at that level of significance
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