I thought this was a fun and interesting Lab. It seemed that the operations of buffering and overlay have a lot of "real world" applications and it was educational learning the sequence to perform these tasks. I had a few stumbles along the way but doing it a few times and a few different ways promoted more (hopefully!) understanding.
Q1: Which tool did you use? Was there any noticeable difference between it's results and the results from the instructions?
I used the intersect tool. I did not notice any difference between its results and the results from using the union tool for this example.
Q2: Which tool did you use here? Why?
I used the Erase tool. The erase tool was used to create a new feature class by removing portions of the buffer areas that were overlapped by the conservation areas.
Q3: How many features are in this layer? What is the area of the largest feature? What is the area of the smallest feature?
I counted 79 features in this layer. The largest area polygon is 776,503 square meters. The smallest area polygon is 748 square meters.