Question: Using your favorite statistics software package, you generate a scatter plot which displays a linear form. You find a regression equation and the standard deviation

Using your favorite statistics software package, you generate a scatter plot which displays a linear form. You find a regression equation and the standard deviation for both variables. The standard deviation for x is 1.11, and the standard deviation for y is 4.24. The regression equation is reported as y = 5.7 | 1.243: What fraction of the variation in y can be explained by the variation in the values of x? (Enter your answer as a decimal between 0 and 1.)

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