The output for a regression analysis where 45 people's logged willingness to pay (in pence) for 1kg Fresh Cod over 1kg Frozen cod and regressed against the logged Age of the individual.

Using these results:

i) Explain the general meaning of the R-square and what it implies for these results.

ii) Explain the meaning of the coefficient values.

iii) Explain whether Age significantly influences peoples willingness to pay for Fresh Cod