Please answer this question using the regression results shown below:

Using the regression results shown, write the theoretical and observed regression equations, and comment on the proportion of the total variation in the dependent variable that is explained by the model

Simple linear regression results: Dependent Variable: Wages Independent Variable: LOS Wages = 44.212809 + 0.073099473 LOS Sample size: 60 R (correlation coefficient) = 0.30335165 R-sq = 0.092022221 Estimate of error standard deviation: 11.979078 Parameter estimates:

Parameter	Estimate	Std. Err.	Alternative	DF	T-Stat	P-value
Intercept	44.212809	2.6282425	? 0	58	16.822195
Slope	0.073099473	0.030150291	? 0	58	2.4245031	0.0185

Analysis of variance table for regression model:

Source	DF	SS	MS	F-stat	P-value
Model	1	843.51399	843.51399	5.8782152	0.0185
Error	58	8322.9024	143.49832
Total	59	9166.4164