1. Consider the following model: Y = + X + e. Which of the following statements is not true?

   	A.	e represents the error in the model.
   	B.	is an intercept.
   	C.	The parameters of the model are Y and X.
   	D.	The model involves one dependent and one independent variable.

4 points

QUESTION 2

1. If Bank of America wants to predict the balance in its customers bank account given the customers age, they can use a simple regression analysis

   y=b0 + b1x+e (Equation 1)

   Which variable should the companies use as the y in the regression above?

   	A.	Age
   	B.	Balance
   	C.	It cannot be determined from the information provided.
   	D.	Account ID

4 points

QUESTION 3

1. If Bank of America wants to use a regression analysis to predict the balance in its customers bank account given the customers age, the variable Age in the regression is called a

   	A.	Dependent variable
   	B.	Dummy variable
   	C.	Error
   	D.	Independent variable