Solved

Which of the Following Statements Are True?
A) the Simplest y=β0+β1xy = \beta _ { 0 } + \beta _ { 1 } x

Question 40

Multiple Choice

Which of the following statements are true?


A) The simplest deterministic mathematical relationship between two variables x and y is a linear relationship y=β0+β1xy = \beta _ { 0 } + \beta _ { 1 } x
B) The set of pairs (x, y) for which y=β0+β1xy = \beta _ { 0 } + \beta _ { 1 } x
Determines a straight line with slope β1\beta _ { 1 }
And y-intercept β0\beta _ { 0 }
)
C) The slope of a line y=β0+β1xy = \beta _ { 0 } + \beta _ { 1 } x
Is the change in y per a 1-unit increase in x.
D) The y-intercept of a line y=β0+β1xy = \beta _ { 0 } + \beta _ { 1 } x
Is the height at which the line crosses the vertical axis and is obtained by setting x = 0 in the equation.
E) All of the above statements are true.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions