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For the Situation Above, Give a Practical Interpretation Of r2=.66r ^ { 2 } = .66

Question 38

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For the situation above, give a practical interpretation of r2=.66r ^ { 2 } = .66 .


A) We estimate SALARY to increase $.66\$ .66 for every 1-point increase in GMAT.
B) We can predict SALARY correctly 66%66 \% of the time using GMAT in a straight-line model.
C) We expect to predict SALARY to within 2(.66) 2 ( \sqrt { .66 } ) of its true value using GMAT in a straight-line model.
D) 66%66 \% of the sample variation in SALARY can be explained by using GMAT in a straight -line model.

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