Regression Statistics Multiple R 0.498 R Square 0.248 Adjusted R Square 0.247 Standard Error 0.054 Observations 468 ANOVA df SS MS F Significance F Regression 1 0.4517 0.4517 154.0689 9.17E-31 Residual 466 1.3662 0.0029 Total 467 1.8179 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 0.0071 0.0025 2.8002 0.0053 0.002114 0.012065 0.002114 0.012065 X Variable 1 0.6866 0.0553 12.4125 0.0000 0.577875 0.795262 0.577875 0.795262 The table above reports the regression output of regressing a security's excess returns on the market factor MKTRF. The market beta of the asset is . The CAPM alpha is . Is the alpha statistically significant or not? Please enter Y or N How much of the security variance can be explained by the market movement? Please do not multiply your answer by 100%. The answer should be a number in the table above. Do not include % either