An analyst performs two simple regressions. The first regression analysis has an R-squared of 0.40 and a beta coefficient of 1.2. The second regression analysis has an R-squared of 0.77 and a beta coefficient of 1.75. Which one of the following statements is most accurate? A. The first regression equation has more explaining power than the second regression equation. B. The second regression equation has more explaining power than the first regression equation. C. The R-squared of the first regression indicates that there is a 0.40 correlation between the independent and the dependent variables.