BUS – 173 (Applied Statistics) # Determining if the following statement are True and False. If False, write the correct statement. Also Solve the MCQ In the Simple linear regression model, components...

BUS – 173 (Applied Statistics)

# Determining if the following statement are True and False.

If False, write the correct statement.

Also Solve the MCQ

1. 
   In the Simple linear regression model, components of the random error term have fixed mean zero.
   

(a) True

(b) False

2. In the Simple linear regression model, Y represents the

(a) Independent variable

(b) Slope

(c) Dependent Variable

(d) Random error term

(e) Not given

3. In the estimated simple linear regression model, b represents the -

(a) estimated intercept

(b) estimated slope (Y= a+ bx)

(c) not given