Question

Following is a simple linear regression model: The following results were obtained from some statistical software....

Following is a simple linear regression model:

The following results were obtained from some statistical software.
R2 = 0.523
syx (regression standard error) = 3.028
n (total observations) = 41
Significance level = 0.05 = 5%

Variable Parameter Estimate    Std. Error of Parameter Est.

Intercept 0.519    0.132

Slope of X    -0.707 0.239

Questions: the correlation coefficient r between the x and y is? What is the meaning of R2? Show your work.

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