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AEB 3300 Exam 3 Questions with Detailed
Verified Answers (100% Correct Answers)
/Already Graded A+
1. The y-intercept tells us the point at which the straight line crosses the horizontal axis (x-
axis).
a. True
b. False
Ans: b
1. The equation of any straight line can be written in the form
a. True
b. False
Ans: a
1. If the slope is positive, then x and y move in the same direction, such that when x increases
then y also increases and vice versa.
a. True
b. False
Ans: a1. A linear regression is a method for estimating a linear relationship between
different variables.
a. True
b. False
1. A linear regression is a method for estimating a linear relationship between different
variables.
a. True
b. False
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Ans: a
1. In a linear regression, we are essentially estimating the slope and y-intercept
a. True
b. False
Ans: a
1. Yield and fertilizer used are related through the equation: . which of the following
statements is true?
a. If fertilizer increases by 1 unit, yield will increase by 15 units
b. If fertilizer decreases by 1unit yield will increase by 2.5 units
c. If fertilizer is equal to zero, yield would equal 2.5 units
d. If fertilizer increases by 1unit yield would increase by 2.5 units
e. None of the answers are correct
Ans: d
1. Which of the following statements is correct?
a. A dummy variable is used to estimate nonlinear quadratic relationships between 2
variables
b. A dummy variable can only be used as the dependent variable in a regression
c. A dummy variable can only take two values (0 and 1)
d. A dummy variable can only be used to estimate negative relationships between 2 variables
e. None of the answers are correct
Ans: c
1. A country engages in imports when it sells its products to other countries
a. True
b. False
Ans: b
1. Tariffs refer to import quotas that are placed on imports and exports
AEB 3300 Exam 3 Questions with Detailed
Verified Answers (100% Correct Answers)
/Already Graded A+
1. The y-intercept tells us the point at which the straight line crosses the horizontal axis (x-
axis).
a. True
b. False
Ans: b
1. The equation of any straight line can be written in the form
a. True
b. False
Ans: a
1. If the slope is positive, then x and y move in the same direction, such that when x increases
then y also increases and vice versa.
a. True
b. False
Ans: a1. A linear regression is a method for estimating a linear relationship between
different variables.
a. True
b. False
1. A linear regression is a method for estimating a linear relationship between different
variables.
a. True
b. False
, Page |2
Ans: a
1. In a linear regression, we are essentially estimating the slope and y-intercept
a. True
b. False
Ans: a
1. Yield and fertilizer used are related through the equation: . which of the following
statements is true?
a. If fertilizer increases by 1 unit, yield will increase by 15 units
b. If fertilizer decreases by 1unit yield will increase by 2.5 units
c. If fertilizer is equal to zero, yield would equal 2.5 units
d. If fertilizer increases by 1unit yield would increase by 2.5 units
e. None of the answers are correct
Ans: d
1. Which of the following statements is correct?
a. A dummy variable is used to estimate nonlinear quadratic relationships between 2
variables
b. A dummy variable can only be used as the dependent variable in a regression
c. A dummy variable can only take two values (0 and 1)
d. A dummy variable can only be used to estimate negative relationships between 2 variables
e. None of the answers are correct
Ans: c
1. A country engages in imports when it sells its products to other countries
a. True
b. False
Ans: b
1. Tariffs refer to import quotas that are placed on imports and exports
