Question: Given the following regression output, calculate R-squared statistic and explain what it means. SUMMARY OUTPUTB Regression Statistics Multiple R 0.961198 R Square A Adjusted R

Given the following regression output, calculate R-squared statistic and explain what it means.

SUMMARY OUTPUTB Regression Statistics Multiple R 0.961198 R Square "A" Adjusted R Square 0.917561 Standard Error 4.970188 Observations 14 ANOVA df SS MS F Significance F Regression 3098.995392 3598.995 145.692 4.53E-08 Residual 12 296.4331793 "B" Total 13 3895.428571 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Intercept 94.81614 2.271756127 41.73694 2.32E-14 89.86641039 99.76587 HOURS 1.94938 0.128363316 "D" "C" -1.829062649 -1.2697

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