In the regression equation, Y' = a + bX, what does the letter "b" represent?
A) Y intercept
B) Slope of the line
C) Any value of the independent variable that is selected
D) Value of Y when X = 0
E) None of these statements are correct

Question

Quizplus · Accepted Answer

The letter "b" in the regression equation Y' = a + bX represents the slope of the line. The slope is a measure of the steepness of the line and indicates how much Y changes for each unit change in X.

In the Regression Equation, Y' = a + BX, What