The slope of the line of regression is the ________.
A) rate at which the dependent variable varies
B) rate at which the independent variable varies
C) difference between the fixed cost and variable cost associated with the cost driver
D) difference between actual cost and estimated cost for each observation of the cost driver

Question

Quizplus · Accepted Answer

The slope of the line of regression represents the rate at which the dependent variable (Y) changes with respect to the independent variable (X). It shows the amount by which Y changes for each unit change in X. Therefore, option A is the correct choice. Options B, C and D are incorrect as they do not correctly define the slope of the line of regression.

The Slope of the Line of Regression Is the ________