Question: 33. Consider a regression study involving a dependent variable y, a quantitative independent variable x1, and a qualitative independent variable with three possible levels (level

33. Consider a regression study involving a dependent variable y, a quantitative independent variable x1, and a qualitative independent variable with three possible levels (level 1, level 2, and level 3).

a. How many dummy variables are required to represent the qualitative variable?

b. Write a multiple regression equation relating x1 and the qualitative variable to y.

c. Interpret the parameters in your regression equation.

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