It is the value of the variable which is plotted on the vertical axis. It is likely to be the dependent variable.
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The variable plotted along the horizontal (x) axis is termed the independent variable. The variable plotted along the vertical (y) axis is termed the dependent variable. Usually equations of curves are given in the form y = f(x) meaning that the y value is dependent on the x value.
No, it's the horizontal axis (x-axis).
independent... *apex*
Rise is the vertical distance between the two points on the graph. This is measured using the Y axis.
horizontal:x vertical: y