To model the price of a flat screen TV, a junior analyst at your firm compiled the retail prices and diagonal measurements of screens.A scatter plot of the data appears below along with a linear estimate of the relationship:

Your analyst confides, "The boss asked me to estimate the selling price for a 24 inch TV but I'm worried about my estimate. According to my calculations, we would have to payconsumers almost $1000 to take them off our hands. I double checked my data and the R² of the regression was over 0.95 so I feel confident about the inputs but I'm confused about how to interpret the results they produce."

	Coefficients	Standard Error	t Stat	P-value
Intercept	-3683.24	330.0987	-11.158	2.45E-07
Diagonal Size	114.7429	6.789886	16.89909	3.23E-09