Use the Following to Answer the Question(s) Below

Multiple Choice

Use the following to answer the question(s) below.
Below is Excel output showing the coefficient of correlation between personal income and vacation expenses (both in $thousands) for a large sample of clients of one travel agency in Toronto.
-What percent of the variation of vacation expenses can be explained by variation of personal income?

A) 69.1%
B) 47.7%
C) 83.1%
D) 52.3%
E) 30.9%