Jude researched the prices of several different models of cell phones and made a scatter plot of his data. The equation of the line of best fit for Jude’s data is p = -2.76t + 99.05 , where p is the price of the phone and t is the number of months that the phone has been available. What is the real-world meaning of the slope of this line? A phone’s price increases by about $2.76 each month that it is available.

The original price of each phone was $2.76.

A phone’s price decreases by about $2.76 each month that it is available.

The original price of each phone was $99.05.