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Business, 16.06.2020 20:57 jonmorton159

Suppose that you regress the total number of medals that a country won in the 2008 Olympics on GDP per capita (measured in thousands) and that you get the following results. SUMMARY OUTPUT Regression Statistics 0.193666659 Multiple R R Square 0.037506775 0.027881842 Adjusted R Square 17.8035921 Standard Error 102 Observations ANOVA. MS SS Significance F df Regression 1235.171633 1235.171633 3.896835188 0.05113579 Residual 31696.78915 316.9678915 100 101 32931.96078 Total Coefficients Standard Error t Stat P-value Lower 95% Upper 95% 2.6341 10.6580 2.3079 0.0098 Intercept 6.0792 1.5005 0.0511 1.9740 GDP Per Capita ousands) 0.1553 0.0787 0.0008 0.3113
how would you interpret these results?

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