The table below shows the approximate percent of students who sent applications to two colleges in various years since 1985. Years Since 1985 0 3 6 9 12 15 Percent 20 18 15 15 14 13 The scatter plot below is a representation of the table of data above. A regression equation for this line is What do the slope and y-intercept indicate? a. The slope indicates that the percent in 1985 should have been about 19%. The y-intercept indicates that the percent is falling at about 0.4% each year. b. The slope indicates that the percent is falling at about 0.4% each year. The y-intercept indicates the percent in 1985 should have been about 19%. c. The slope indicates tha the percent has remained the same for each year. The y-intercept indicates the percent in 1985 should have been 22%. d. There is not enough information to determine what the slope and y-intercept indicate. Please select the best answer from the choices provided