In the following estimated regression equation $\hat { y }$ = b₀ + b₁x, A) b₁ is the slope. B) b₁ is the intercept. C) b₁x is the slope. D) b₁x is the intercept.

Name: In the following estimated regression equation $\hat { y }$ = b 0 + b 1 x, A) b 1 is the slope. B) b 1 is the intercept. C) b 1 x is the slope. D) b 1 x is the intercept.
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Question

Quizplus · Accepted Answer

b₁ is the slope because it represents the change in the dependent variable (y) for a one-unit change in the independent variable (x).

In the Following Estimated Regression Equation y^\hat { y }y^​ = B0 + B1x, A) B1 Is the Slope

In the Following Estimated Regression Equation $\hat { y }$ = B₀ + B₁x,
A) B₁ Is the Slope