Using Advertised Prices for Used Ford Escorts a Linear Model $\mathrm { R } ^ { 2 }$

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 $\mathrm { R } ^ { 2 }$ = 87.7%.Write a sentence summarizing what $\mathrm { R } ^ { 2 }$ 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.

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