An estimated linear regression of annual fuel expenditures y on annual income x is represented as the following equation: y= 2,200 + 0.05x. What is the estimated slope coefficient value? A) 0.05 B) 2b₁ + 0.05 C) 110 D) 110x

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The slope coefficient in a linear regression equation represents the change in the dependent variable (y) for a one-unit change in the independent variable (x). In the given equation, y = 2,200 + 0.05x, the slope coefficient is 0.05.

An Estimated Linear Regression of Annual Fuel Expenditures Y on Annual