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HELP NOOB by explaining correlation and p-values

  1. Nov 13, 2007 #1
    the following table is on the relationship between baseball performance and salary
    im trying to interpret the tables

    http://mywebpage.netscape.com/id8157/1.jpg [Broken]
    based on the mean values, the player paid at least 1 million performed better
    the players paid below 1 million played not as well
    what exactly does the standard deviation tell me?

    http://mywebpage.netscape.com/id8157/2.jpg [Broken]
    the correlation coefficients for players earning at least 1 million is greater. this means the relationship betwwn salary and performance is large. the p-value for higher paid players is statistically significant because p is close to 0.

    I appreciate it. THANK YOU.
    Last edited by a moderator: May 3, 2017
  2. jcsd
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