In a two-variable regression, Y is the dependent variable and X is the independent variable. The correlation coefficient between Y and X is 0.8. For this, which of the following is correct?

Economics (M.Phil./Ph.D.) 2021 Panjab University Entrance Exam With Answers

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15.

A: 8% variations in Y are explained by X

B: 64% variations in Y are explained by X

C: 0.8% variations in Y are explained by X

D: 80% variations in Y are explained by X

The answer is: B

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