Regression Statistics Multiple R 0.98 R Square 0.96 Adjusted R Square 0.94 Standard Error $45,769 Observations 8 What does the Multiple R statistic represent in this analysis? The Multiple R statistic of 0.98 indicates how much we understand about total costs in the dataset based on the volume of phone production and number of shutdowns. The 0.98 statistic means that variance (change) in the phone production and number of shutdowns explains 98% of the variance (change) in total costs. The Multiple R statistic of 0.98 indicates how much we understand about total costs in the dataset based on the volume of phone production and number of shutdowns. The 0.98 statistic means that variance (change) in the phone production and number of shutdowns explains 2% of the variance (change) in total costs. The Multiple R statistic of 0.98 is the correlation of total costs, volume of phone production, and number of shutdowns. There is a 2% correlation between these numbers. The Multiple R statistic of 0.98 is the correlation of total costs, volume of phone production, and number of shutdowns. There is a 98% correlation between these numbers