I have a question regarding my homework from chapter 7 I need to fit the linear model in y = β0 + β1χ + ε for the following test Residuals: Min 1Q Median 3Q Max XXXXXXXXXX XXXXXXXXXX 0.8395 3.0765...

I have a question regarding my homework from chapter 7

I need to fit the linear model in y = β0 + β1χ + ε for the following test

Residuals:

     Min       1Q   Median       3Q              Max

-18.7823  -0.4865   0.8395   3.0765    7.1123

Coefficients:

            Estimate Std. Error t value

(Intercept) -6.4793     5.5481  -1.168

LAT           0.7515     0.1438   5.228

            Pr(>|t|)

(Intercept) 0.249

LAT         4.79e-06 ***

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Signif. codes:

  0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05  ‘.’ 0.1 ‘ ’ 1

Residual standard error: 5.498 on 43 degrees of freedom

Multiple R-squared:  0.3886,     Adjusted R-squared:  0.3744

F-statistic: 27.33 on 1 and 43 DF, p-value: 4.786e-06

Also how to explain the

Parameter Estimates and interpret  the parameters with hypothesis test.