Question:

The estimated regression equation is \(\hat{y}=60+5X\). What is the slope of this regression equation?

Show Hint

In the regression equation \(\hat{y}=a+bX\), the coefficient of \(X\) is the slope.
Updated On: May 22, 2026
  • 12
  • 60
  • 5
  • 300
Show Solution
collegedunia
Verified By Collegedunia

The Correct Option is C

Solution and Explanation

Concept: A simple linear regression equation is generally written as: \[ \hat{y}=a+bX \] where \(a\) is the intercept and \(b\) is the slope.

Step 1:
Compare the given equation with standard form.
Given equation is: \[ \hat{y}=60+5X \] Standard form is: \[ \hat{y}=a+bX \]

Step 2:
Identify intercept and slope.
Here, \[ a=60 \] and \[ b=5 \]

Step 3:
Meaning of slope.
The slope tells how much \(\hat{y}\) changes when \(X\) increases by one unit. \[ \Delta \hat{y} = 5 \text{ when } \Delta X = 1 \] Therefore, the slope of the regression equation is \(5\).
Was this answer helpful?
0
0

Top CUET PG Economics Questions

View More Questions