Select the most appropriate response.
If the correlation between a person’s age and annual income is 0.60, then the coefficient of determination tells us that:
36% of the variation in a person’s annual income can be explained by the predictor variable age.
36% of a person’s annual income can be explained by their age
60% of the variation in a person’s annual income can be explained by the predictor variable age
60% of a person’s annual income can be explained by their age
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