A Sociology student investigated the association between a country's Literacy Rate and Life Expectancy, and then drew the conclusions listed below. Explain why each statement is incorrect. (Assume that all the calculations were done properly.)
a) The $R^2$ of 64% means that the Literacy Rate determines 64% of the Life Expectancy for a country.
b) The slope of the line shows that an increase of 5% in Literacy Rate will produce a 2-year improvement in Life Expectancy.