Question

A proper interpretation for r^2= .754 is:

A. 75.4% of the variation in the response variable can be explained by our knowledge of the explanatory variable.
B. 75.4% of the variation in the explanatory variable can be explained by our knowledge of the response variable
C. the amount of variation in the response variable is reduced by 24.6%
D. for each unit increase in the explanatory variable, the response variable increases 75.4%
E. None of the above