Following shows the results of Miles/(US) gallon as the dependent variable and Gross horsepower as the independent variable. Interpret the analysis.

Residuals:

Min1QMedian3QMax

-5.7121 -2.1122 -0.88541.58198.2360

Coefficients:

Estimate Std. Error t value Pr(>|t|)

(Intercept) 30.098861.63392 18.421 < 2e-16 ***

hp -0.06823 0.01012 -6.742 1.79e-07 ***

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Signif. codes:0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1

Residual standard error: 3.863 on 30 degrees of freedom

Multiple R-squared:0.6024,Adjusted R-squared:0.5892

F-statistic: 45.46 on 1 and 30 DF, p-value: 1.788e-07