Final answer:
The coefficient of determination, r², represents the percentage of variation in the dependent variable that can be explained by variation in the independent variable using the regression line.
Step-by-step explanation:
The coefficient of determination, r², is equal to the square of the correlation coefficient, r. When expressed as a percentage, r² represents the percentage of variation in the dependent variable, y, that can be explained by variation in the independent variable, x, using the regression line.