regression statistics

Multiple R 0.187

R Squared 0.035

Adjusted R squared 0.026

Standard error 5652.090

observations 115.00

df ss ms F Significance F

Regression 1 130433116.219 130433116.219 4.083 0.046

Residual 113 3609911959.868 31946123.539

Total 114 3740345076.087

coefficients Standard Error t stat P-value

intercept 10725.802 1535.215 6.987 0.000

Age 69.964 34.625 2.021 0.046

Which of the following statements is the best explanation of the R-square?

3.5% of accident damage is explained by the age of the driver.

3.5% of the time, the amount of damage is explained by the age of the driver.

3.5% of accident damage can be explained by variation in the age of the driver.

3.5% of the variation in accident damage can be explained by variation in the age of the driver.