Question: what's the best way to solve this? Find & practically interpret the correlation coefficient (r) Find & practically interpret the coefficient of determination (R 2

what's the best way to solve this?

Find & practically interpret the correlation coefficient (r)
Find & practically interpret the coefficient of determination (R²)

Simple linear regression results:

Dependent Variable: Price Independent Variable: Mileage Price = 41116.768 - 0.17675013 Mileage Sample size: 30 R (correlation coefficient) = -0.46576164 R-sq = 0.2169339 Estimate of error standard deviation: 9248.6584

Parameter estimates:

Parameter	Estimate	Std. Err.	Alternative	DF	T-Stat	P-value
Intercept	41116.768	2661.5978	? 0	28	15.448152
Slope	-0.17675013	0.06346236	? 0	28	-2.7851175	0.0095

Analysis of variance table for regression model:

Source	DF	SS	MS	F-stat	P-value
Model	1	6.6350549e8	6.6350549e8	7.7568794	0.0095
Error	28	2.3950551e9	85537682
Total	29	3.0585606e9

what's the best way to solve this?Find & practically interpret the correlation

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