Question: Can you help me with this question please ? WE: An insurance company analyst is interested in analyzing the dollar value of fire damage in

Can you help me with this question please ?

WE: An insurance company analyst is interested in analyzing the dollar value of fire damage in major residential fires to the distance between the residence and the nearest re station. Data is collected from 15 recent res. The amount of damage, y, and the distance x miles between the fire and the nearest fire station are recorded for each re. The results of the regression analysis are shown below SUMMARY OUTPUT Re * ression Statistics R R Square Adjusted R Square Standard Error Observations ANOVA 341. H5636 6935097535 911517335 Coefcients Standard Error Intercept 1025792355 1 .4ZDZF7B1 Distance 4.91933?5 D 3927417175 I) 1What is the regression equation? 2) How would you best explain the y-intercept in this situation? 3) What would be the dollar value of a maior residential fire 2.5 miles from the nearest fire station? 4) Explain the value and meaning of the R2 given in the table

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