If R^2 = 0.68, what does this say about the model?

If R^2 = 0.68, what does this say about the model?

• A. 68% of the variance in y is explained by the model.
• B. 32% of the variance in y is explained by the model.
• C. R^2 is the correlation between x and y.
• D. R^2 equals 0.68 implies a perfect fit.

Answer: (A)