If you're in a college statistics course and you're doing graphs by hand and not generated entirely be statistics software, the skills you're learning are useless anyway.
My guess is lower. I'd put the correlation at about -.35 to -.45, so that'd correspond to an R² of .1225 to .2025. But eyeballing correlations is hard.
Assuming it's a correction line, I don't think you can tell from the slope of that line alone as the clustering will matter and correlations are finicky. Now, if it was a regression coefficient, that sexy line can be calculated just by looking at it (although we'd want to know if it was significant, lol).