SUMMARY OUTPUT Regression Statistics Multiple R 0.643688576 R Square 0.414334983 Adjusted R Square 0.397109541 Standard Error 0.033861968 Observations 36 ANOVA df F 24.05366376 Regression Residual Total 1 34 35 SS 0.027580721 0.038985517 0.066566238 MS 0.027580721 0.001146633 Intercept S&P 500 Coefficients Standard Error -0.001845394 0.006202683 1.047341957 0.213549168 t Stat -0.29751551 4.904453462 P-value 0.767883299 2.28384E-05 Rups = Intercept +Bi (Rs&P 500) + Ei Based on the table above, the beta of UPS stock is -0.001845 0.4143 0.76788 1.04734 0.2971