If the coefficient of correlation is 0.69, the percentage of variation in the dependent variable explained by the estimated regression equation is _____
Select one:
0.48%
52.39%
69.00%
47.61%
As a result of running a simple regression on a data set, the following estimated regression equation was obtained:
y = -0.1 - 12.7x
Furthermore, it is known that SSR = 521, and SSE = 118.
Calculate the correlation coefficient R; round your answer to three decimal places.