What is your R squared (variance explained)? Is it sufficient to proceed?

File Home Insert Page Layout Formulas Data Review View Cut Calibri Wrap Text General Copy .0 .00 Cond Forma Paste Format Painter Blu- - Clipboard Font Alignment Number J11 275 2.1531 300 1.6622 450 3.9937 650 3.3375 Intercept 0.9575 Slope 0.0044 The equation for the market pay = 0.9575 +0.0044 X 7 SUMMARY OUTPUT 9 Rearession Statistics 0 Multiple F 0.704861 11 R Square 0.496829 12 AdiustedI 0.245244 13 Standard 0.928427 4 Observati 4 16 ANOVA MS gnificance F 8 Regressio 19 Residual 20 Total 1 1.702226 1.702226 1.974794 0.295139 2 1.723953 0.861976 3 3.426179 coefficientandard Err t Stat P-value Lower 95%Up er 95%ower 95.09'0 er 95.0% 23 Intercept 0.957534 1.381895 0.692914 0.5600114.98828 6.903346 -4.98828 6.903346 0.004368 0.003108 1.405274 0.295139-0.00901 0.017742 -0.00901 0.017742 Sheet1 Sheeto Sheet7 ( SheetB Sheet9 / Sheet2 Sheet3 Sheet4 Sheet5 . Sheet10 Sheet11