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A scientific study on speed limits gives the following data table. Average speed limit Average annual...

A scientific study on speed limits gives the following data table.

Average speed limit Average annual fatalities
25 16
27 29
29 38
32 71
35 93

Using technology, it was determined that the total sum of squares (SST) was 4029.2, the sum of squares regression (SSR) was 3968.4, and the sum of squares due to error (SSE) was 60.835. Calculate R2 and determine its meaning. Round your answer to four decimal places.

Select the correct answer below:

R2=0.0153

Therefore, 1.53% of the variation in the observed y-values can be explained by the estimated regression equation.

R2=0.9849

Therefore, 98.49% of the variation in the observed y-values can be explained by the estimated regression equation.

R2=0.0151

Therefore, 1.51% of the variation in the observed y-values can be explained by the estimated regression equation.

R2=1.0153

Therefore, 10.153% of the variation in the observed y-values can be explained by the estimated regression equation.

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