Which of the Following Statements Is the Best Explanation of the R²

Multiple Choice

Which of the following statements is the best explanation of the R²?

A) 3) 5% of the accident damage can be explained by the age of the driver.
B) 3) 5% of the variation in accident damage can be explained by variation in the age of the driver.
C) 3) 5% of the coefficients,t-stat,and p-value can be explained by the age of the driver.
D) 3) 5% of the total error can be explained by the SSE.