(B) y = 69,000 - 8,300x
Step-by-step explanation:
Let 8,300 be the scholarship and y be the remaining amount. Also x is the number of years.
Each year, the amount 8,300 is reduced by giving the scholarship worth 8,300. Hence, the coefficient of x should be negative sign.
If the initial amount is 69,000 and the remaining amount after 10 years is negative, the regression equation is
y = 69,000 - 8,300x