Question: By using all the relevant outputs from the regression model, manually calculate what percent of the variation in medical cost is explained by the model?

By using all the relevant outputs from the regression model, manually calculate what percent of the variation in medical cost is explained by the model? Also calculate the Adjusted R2.Commenton the results and explain what they indicate.

reg charges Age Source SS d f MS Number of obs 1, 338 F (1, 1336) 131 . 17 Model 1. 7530e+10 1 1. 7530e+10 Prob > F 0 . 0060 Residual 1. 7854e+11 1, 336 133640740 R-squared 0 . 0894 Adj R-squared 0 . 0887 Total 1. 9607e+11 1, 337 146652372 Root MSE 11560 Charges Coef. Std. Err. t P> | t| [95% Conf. Interval] Age 257 . 7226 22.50239 11 . 45 0. 090 213.5788 301 . 8665 cons 3165 . 885 937 . 1495 3. 38 0 . 091 1327 . 44 5004.33

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