Please answer all of the five true and false questions. Mark true or false for each answer.

1.) Statistical models do not allow for the possibility of error in describing a relationship between a response Y and a predictor X.

2.) Regression analysis cannot be used to assess the interaction effects of two or more independent variables on a dependent variable.

3.) Regression analysis is not an appropriate method to determine the best statistical model for describing the relationship between a dependent variable and one or more independent variables.

4.) A simple regression model can not be expected to predict precisely each individual's Y from that individual's X.

5.) Y hat = B₀ + B₁x + E