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What does the slope represent? the rate at which the X variable changes as a result of the Y variable the rate at which the Y variable changes as a result of the X variable the rate at which the independent variable changes as a result of changes in the dependent variable the rate at which the dependent variable changes as a result of the fixed cost component

What does the slope represent? the rate at which the X variable changes as a result of the Y variable the rate at which the Y variable changes as a result of the X variable the rate at which the independent variable changes as a result of changes in the dependent variable the rate at which the dependent variable changes as a result of the fixed cost component

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Month
# Machine
Hours (X)
Maintenance
Costs (Y)
 
Jan
 3,000 $440
 
Feb
 4,500 $690
 
Mar
 8,000 $510
 
Apr
 7,000 $600
 
May
 6,000 $550
 
Jun
 9,000 $980
 
Jul
 3,500 $840
 
Aug
 5,500 $600


What does the slope represent?
the rate at which the X variable changes as a result of the Y variable
the rate at which the Y variable changes as a result of the X variable
the rate at which the independent variable changes as a result of changes in the dependent variable
the rate at which the dependent variable changes as a result of the fixed cost component
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