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How much of the variation in Gross Sales can be explained by variation in Advertising expenditures? Base your answers on the following linear regression output.

How much of the variation in Gross Sales can be explained by variation in Advertising expenditures?

Base your answers on the following linear regression output. Enter percentage as an integer so 45.3% would just be 45.

SUMMARY OUTPUT
Regression Statistics
Multiple R 0.776
R Square 0.602
Adjusted R Square 0.581
Standard Error 585
Observations 21
ANOVA
df SS MS F Significance F
Regression 1 9807108 9807108 28.691 0.000
Residual 19 6494659 341824.1
Total 20 16301767
Coefficients Standard Error t Stat P-value Lower 95% Upper 95%
Intercept 25992 260 100 0 25447 26537
Advertising 0.26 0.05 5.36 0.00 0.16 0.36

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