Using Advertised Prices for Used Ford Escorts a Linear Model

Multiple Choice

Using advertised prices for used Ford Escorts a linear model for the relationship between a car's age and its price is found.The regression has an
= 87.7%.Write a sentence summarizing what
Says about this regression.

A) The age of the car explains 87.7% of the variation in price.
B) The price of the car explains 87.7% of the variation in age.
C) The age of the car explains 12.3% of the variation in price.
D) The age of the car explains 9.36% of the variation in price.
E) The price of the car explains 12.3% of the variation in age.