Question: Instead of using only two cost groups, group cost into 3, 4, 5, 6, 8, 10, and 12 quantile groups. Describe the relationship between the

Instead of using only two cost groups, group cost into 3, 4, 5, 6, 8, 10, and 12 quantile groups. Describe the relationship between the number of intervals used to approximate the continuous response variable and the efficiency of the analysis. How many intervals of total cost, assuming that the ordering of the different intervals is used in the analysis, are required to avoid losing significant information in this continuous variable?

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