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The regression equation ŷ = 6050 – 725x can be used to predict the value of a china cabinet after x years. Identify the various components of the equation.

A
The value of a new china cabinet was $725. The value appreciated (increased in value) by $6,050 per year on average.
B
The value of a new china cabinet was $6,050. The value appreciated (increased in value) by $725 per year on average.
C
The value of a new china cabinet was $725. The value depreciated (decreased in value) by $6,050 per year on average.
D
The value of a new china cabinet was $6,050. The value depreciated (decreased in value) an average of $725 per year.

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