We present the results from a combined study of the average X-ray spectral and timing properties of 14 nearby AGN. For 11 of the sources in the sample, we used all the available data from the RXTE archive, which were taken until the end of 2006. Ther
e are 7795 RXTE observations in total for these AGN, obtained over a period of ~7-11 years. We extracted their 3-20 keV spectra and fitted them with a simple power-law model, modified by the presence of a Gaussian line (at 6.4 keV) and cold absorption, when necessary. We used these best-fit slopes to estimate the mean spectral slope for each object, while we used results from the literature to estimate the average spectral slope of the three objects without archival, monitorin RXTE data. Our results show that the AGN average spectral slopes are not correlated either with the black hole mass or the characteristic frequencies that were detected in the power spectra.They are positively correlated, though, with the characteristic frequency when normalised to the sources black hole mass. This is similar to the spectral-timing correlation that has been observed in Cyg X-1, but not the same.The AGN spectral-timing correlation can be explained if we assume that the accretion rate determines both the average spectral slope and the characteristic time scales in AGN. The spectrum should steepen and the characteristic frequency should increase, proportionally, with increasing accretion rate. We also provide a quantitative expression between spectral slope and accretion rate. Thermal Comptonisation models are broadly consistent with our result, but only if the ratio of the soft photons luminosity to the power injected to the hot corona is proportionally related to the accretion rate.
