To find the slope of the line of fit, we use the two points through which the line passes: (0, 70) and (1, 75).
The formula for the slope \( m \) of a line given two points \( (x_1, y_1) \) and \( (x_2, y_2) \) is:
\[ m = \frac{y_2 - y_1}{x_2 - x_1} \]
Substituting in the values from the two points:
\[ m = \frac{75 - 70}{1 - 0} = \frac{5}{1} = 5 \]
Thus, the slope of the line of fit is \( 5 \).
Meaning in context: This slope indicates that for each additional hour a student studies, their predicted grade on the test is expected to increase by 5%. This suggests a positive relationship between study time and test scores within the context of this data collection.