The table below shows the approximate percent of students who sent applications to two colleges in various years since 1985. A regression equation for this line is y = -0.42x 19.26

What does the slope and y-intercept indicate?
a. The slope indicates that the percentage 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 that the percent has remained the same each year. The y-intercept indicate the percent in 1985 should have been 22%
d. There is not enough information to determine what the slope and y-intercept indicate.