The table shows the average weekly wages (in dollars) for state government employees and federal government employees for 8 years. The equation of the regression line is y = 1.410x – 17.174. Complete...

The table shows the average weekly wages​ (in dollars) for state government employees and federal government employees for 8 years. The equation of the regression line is y=1.410x−17.174.

Complete parts​ (a) and​(b) below.

Extracted text: The table shows the average weekly wages (in dollars) for state government employees and federal government employees for 8 years. The equation of the regression line is y = 1.410x – 17.174. Complete parts (a) and (b) below. Average Weekly Wages (state), x Average Weekly Wages (federal), y 762 761 784 818 836 876 932 954 1000 1046 1119 1141 1199 1253 1276 1305 (a) Find the coefficient of determination and interpret the result. r2 = (Round to three decimal places as needed.) How can the coefficient of determination be interpreted? The coefficient of determination is the fraction of the variation in average weekly wages for V that can be explained by the variation in average weekly wages for and is represented by V The remaining fraction of the variation, V, is unexplained and is due to other factors or to sampling error. (b) Find the standard error of estimate s, and interpret the result. Se (Round to two decimal places as needed.) How can the standard error of estimate be interpreted? The standard error of estimate of the average weekly wage for V for average weekly wage for is about se dollars.