True or false

TRUE or FALSE: For each part below, select True if the statement is true; otherwise select False. 1. [ Select ] If a result is not statistically significant then the result is of no use. 2. [ Select ] If two variables are strongly correlated, this means that the response must be caused by the explanatory variable. 3. [ Select ] The intercept, Bo, in simple linear regression is less important than the slope in most real life applications and we rarely do any inference regarding it. 4. [ Select ] For a distribution that is not inherently normal, the Central Limit Theorem guarantees an approximate normal distribution for the sample mean as long as the sample size is large enough. 5 . [ Select ] A statistic represents a population whereas a parameter represents a sample