3. A police officer would like to determine how the number of alcoholic beverages consumed by a person can predict his or her blood alcohol level. The officer measures the values of both variables on a sample of people leaving a bar one night. The correlation between the two variables is calculated to be 0.88 and the equation of the least squares regression line is calculated to be y = 0.003 + 0.012x. Which of the following statements is true? (A) 88% of the variation in blood alcohol level can be accounted for by its regression on number of alcoholic beverages consumed. (B) 77% of the variation in number of alcoholic beverages consumed can be accounted for by its regression on blood alcohol level. (C) 94% of the variation in blood alcohol level can be accounted for by its regression on number of alcoholic beverages consumed. (D) 88% of the variation in number of alcoholic beverages consumed can be accounted for by its regression on blood alcohol level. (E) 77% of the variation in blood alcohol level can be accounted for by its regression on number of alcoholic beverages consumed