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This R squared value means that one variable does weakly predict the other.  This low P value means that the odds of this happening by chance are low.  So in other words racking up more miles in a year does weakly predict that I will gain more elevation over the year and the odds of my hiking more miles in a year causing my elevation to go up was not subject to mere chance.  It's real, if I hike more miles in one year I will probably gain more elevation (duh).  I have to look this stuff up every year because I forget what it all means.   | 
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