Question: Looking at the R 2 value, explain what this indicates about the strength of the relation. Then write out your Regression Equation, state if your

Looking at the R2value, explain what this indicates about the strength of the relation. Then write out your Regression Equation, state if your p-value and conclusion.

Regression Statistics
Multiple R 0.6987808
R Square 0.488294607
Adjusted R Square 0.424331432
Standard Error 62687.51414
Observations 10

ANOVA
df SS MS F Significance F
Regression 1 29999500002 29999500002 7.633995854 0.024561903
Residual 8 31437795436 3929724430
Total 9 61437295438

Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
Intercept 101218625.3 36572681.4 2.767601976 0.024386803 16881870.78 185555380 16881870.8 185555380
X Variable 1 -49999.5833 18096.32658 -2.76296867 0.024561903 -91729.7873 -8269.3794 -91729.787 -8269.3794

Observation

Predicted Y

Residuals

Standard Residuals

1

119467.8167

-35137.8167

-0.59452481

2

169467.4

-79238.4

-1.34069784

3

169467.4

-59472.4

-1.00626109

4

119467.8167

-8592.81667

-0.14538874

5

119467.8167

9482.183333

0.160436641

6

119467.8167

11352.18333

0.192076666

7

169467.4

37527.6

0.634959469

8

269466.5667

-16976.5667

-0.2872401

9

269466.5667

5528.433333

0.093539984

10

169467.4

135527.6

2.293099822

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