An analyst seeks to create a set of dummy codes to represent highest level of education achieved. There are five different levels - Less than a high school degree, High school diploma, Some college, Bachelor's degree, Advanced Degree. She wants less that a high school degree to serve as the reference group, which of the following statements are true in this scenario (select all that apply): An analyst seeks to create a set of dummy codes to represent highest level of education achieved. There are five different levels - Less than a high school degree, High school diploma, Some college, Bachelor's degree, Advanced Degree. She wants less that a high school degree to serve as the reference group, which of the following statements are true in this scenario (select all that apply): Individuals in the dataset will have a 1 for all dummy coded indicators if they have an Advanced degree. None of these answers are correct. Four dummy coded indicators are needed Individuals in the dataset will have a 0 for all dummy coded indicators if they have less than a high school degree