Question: 18) What is a dummy variable? Why are they used? (2 points)

18) What is a dummy variable? Why are they used? (2 points)

image text in transcribed

18) What is a dummy variable? Why are they used? (2 points)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Q:

60 points A researcher wanted to answer the following question: What determines how often someone feels lonely? She uses the variable, Lonely, which ranges from 0 to 7 days, and represents how many...

Q:

1. Yield and fertilizer used are related through the equation: yield = 15 +2.5fertilizer. which of the following statements is true? a. If fertilizer increases by 1 unit, yield will increase by 15...

Q:

In 1993, Georgia initiated a HOPE scholarship program to let state residents who had at least a B average in high school attend public college in Georgia for free. The program is not need based. Did...

Q:

Use the following information to solve questions 2 and 3. A farmer has 2 data points regarding the price and quantity demanded of tomatoes that he wants to use to calculate a linear relationship...

Q:

Search or type a command Class Notebook Assignments Grades Fill | MGMT 405 FINA... 22 The following table contains information related to the major activities of a research project. Use the...

Q:

1 Part1of15 - 10 points ..__,_.._' ...._....__.,.. [The following information applies to the questions displayed below. ] Preble Company manufactures one product. Its variable manufacturing overhead...

Q:

2 points 10) Bettina is a property investment manager who wants to write to a client telling him that the new sprinkler system installed at his property has already reduced the property's water bill...

Q:

1 (2 points) Which of the following statements are true? Question 1 options: Probabilities must be negative. Probabilities can either be positive or negative. Probabilities must be nonnegative....

Q:

APStatistics 3.02 Looking at the Data Directions: Complete the assignment. Clearly label each answer. Your answers for this assignment must include reasons; simply stating the answer without...

Q:

APStatistics 3.02 Looking at the Data Directions: Complete the assignment. Clearly label each answer. Your answers for this assignment must include reasons; simply stating the answer without...

Q:

Boston Textiles has an all-common-equity capital structure. Pertinent financial characteristics for the company are shown below: Shares of common stock outstanding = 1,000,000 Common stock price, p0...

Q:

Given a figure of beginning inventory of $440 and a $920 figure for ending inventory , place these numbers on the Income Summary line of this partialworksheet. Income Statement Cr. Adj. ATB Dr. Cr....

Q:

13-34 Information Security Matching. Match each term in column A with its definition in column B. Column A Column B Cybersecurity a type of software designed to gain unauthorized access or to cause...

Q:

In the formation of a high - performance work system, ethical behavior is irrelevant ignored encouraged frowned upon The iystems component of a high - performance work system involves making...

Q:

Detail the characteristics of organisational climate and employee commitment;

Q:

With reference to the decision to include major supermarkets and other large scale retailers in the scheme, discuss whether you think that good acts can result from selfish motives or not. Present...

Q:

Explain what sort of ethical reasoning is used by the supervisors in the example of the aerospace company to justify ignoring perruques.