For Many Countries Tourism Is an Important Source of Revenue $(\$$

Multiple Choice

For many countries tourism is an important source of revenue. Data are collected
On the number of foreign visitors to a country (in millions) and total tourism revenue (in
Billions of dollars) for a sample of 10 countries. Below is partial regression analysis
Output with tourism revenue as the dependent variable. How much of the variability in
Tourism revenue is accounted for by the number of foreign visitors?
Regression Analysis: Tourism ($ bill) versus Visitors (mill) The regression equation is
Tourism $(\$$ bill $) =21.5+0.295$ Visitors (mill)

$\begin{array}{lrrrr}\text { Predictor } & \text { Coef } & \text { sE Coef } & \text { T } & \text { P } \\ \text { Constant } & 21.464 & 3.462 \\ \text { Visitors (mil1) } & 0.29497 & 0.07917\end{array}$

$S=2.58307 \quad \mathrm{R}-\mathrm{Sq}=63.4\%$

A) 63.4 %
B) 13.8 %
C) 2.58 billion $
D) 21.464 %
E) 3.73 billion $