[1.12 Data Example 1: Purchasing Power Parity (Part 1)] Professor Serban conducts exploratory analysis of the inflation difference (predictor) and the average annual change in exchange rate (response). She displays a boxplot showing the response variables for developed and developing countries. Choose True if both of these statements are true: 1. This boxplot is generated from the original dataset after recoding the dummy variable (Developed) to be a categorical variable (with two factors: "Developed" and "Developing". 2. The visual difference in the response variables shown in the boxplots provides strong evidence that two simple linear regressions (one for Developing and one for Developed countries) would be better than a single model. Group of answer choices True False