Interpret Slope: For every 1 (x-unit) increase in (explanatory variable) (x-value), our model predicts an average (Increase/Decrease) of (slope y) in (Response Variable)
Interpret Y-intercept:
When the (explanatory value) is zero (x-units), our model predicts that the (response variable) would be (y-intercept).
The standard deviation of Residuals (s)
When using the LSRL with (explanatory variable) to predict (response variable), we will typically be off by about (value of s with units of the response variable).
Coefficient of Determination
(r^2%) of the variation in the (response variable) can be explained by the linear relationship with (explanatory variable).