The accompanying data set contains three variables, x 1 , x 2 , and x 3 .

Question:

The accompanying data set contains three variables, x1, x2, and x3

a. The variable x1 contains 6 categories ranging from “A” to “F.” Reduce the number of categories to five by combining the two least-frequent categories. Name the new category “Other.” How many observations are in the “Other” category? 

b. The variable x2 contains six categories ranging from “A” to “F.” This variable is ordinal, meaning that the categories are ordered. “A” represents the lowest level, whereas “F” represents the highest level. Replace the category names with category scores ranging from 1 (lowest) to 6 (highest). What is the average category score for x2

c. The variable x3 contains four unordered categories. To facilitate subsequent analyses, we need to convert x3 into dummy variables. How many dummy variables should be created? Create the dummy variables using Category1 as the reference category.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Business Analytics Communicating With Numbers

ISBN: 9781260785005

1st Edition

Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen

Question Posted: