# Regression

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1) Given the following data and Excel output, what is the English meaning of the numbers?

Years of Education Annual Income (000's)

6 10

7 13

8 15

7 14

9 16

12 21

11 22

14 20

16 19

20 45

13 35

15 36

Regression Statistics

Multiple R 0.837129

R Square 0.700785

Adjusted R Square 0.670863

Standard Error 6.192691

Observations 12

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