True/False Questions
Circle T or F for True or False. For full credit and reward for help, please provide a written answer using complete sentences for each question.
1. T F In a simple linear regression, if the independent variable has a small variance, the estimated slope coefficient, b^, will have a large p-value.
2. T F Demographic variables are included in an estimated demand function to proxy for tastes and preferences.
3. T F The estimated intercept, ?, in any simple or multiple regression has the same units of measure as the dependent variable, yi.
4. T F A trend variable in a linear regression model will shift the intercept up or down.
5. 5. T F In a simple regression, if the correlation between the dependent and independent variables is zero, the conditional mean of the dependent variable is equal to the unconditional mean.
Thank you to anyone able to help and I hope to hear from someone as soon as they can, I am trying to figure these out to reference for my test tomorrow. I am not sure how to properly state each of the answers and truly appreciate any help that anyone can give me in trying to help me with these questions.