Question: SUMMARY OUTPUT Regression Statistics Multiple R 0.887077 R Square 0.786906 Adjusted R Square 0.782467 Standard Error 8642.256 Observations 50 ANOVA SS MS F Significance F

SUMMARY OUTPUT Regression Statistics Multiple R 0.887077 R Square 0.786906 Adjusted R Square 0.782467 Standard Error 8642.256 Observations 50 ANOVA SS MS F Significance F Regression 1 1.32E+10 1.32E+10 177.2529 9.87E-18 Residual 48 3.59E+09 74688594 Total 49 1.68E+10 Standard Upper Coefficients Error I Star P-value Lower 95% 95% Intercept 11369.42 3160.249 3.597633 0.000757 5015.313 17723.52 X 2141.309 160.8358 13.31364 0.000000 1817.927 2464.691 The Excel output describes a linear regression model which predicts the annual salary of auditors, in dollars, as a function of their years of experience

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