Suppose you wish to determine the degree to which annual earnings of professional golfers (Earnings) are related to driving distance (Yards Per Drive). The driving distance shows how far a golfer can hit the ball after it hits the ground. You were given the Excel output below. If the image below is not clear, dowload a copy here. You would conclude that the estimated sample regression function explains ...

a. 4.21 percent of the total variation in annual earnings.

b. 0.02 percent of the total variation in annual earnings.

c. 4.69 percent of the total variation in annual earnings.

d. 21.65 percent of the total variation in annual earnings. You have estimated the equation below using OLS.