Opeele Kyinkafa sells different used 2005 GM cars in excellent condition. The value or the retail price (Price) of a car is dependent on a variety of characteristics such as number of miles the car has been driven (Mileage), manufacturer of the car (Make) such as Buick, Cadillac, Chevrolet, Pontiac, SAAB, and Saturn. The car price is also influenced by the body type (Type) such as sedan, convertible, coupe, hatchback and wagon. It is also affected by number of cylinders (Cylinders) in the engine, the engine size (litre), cruise control which is an indicator variable representing whether the car has cruise control (yes) or no otherwise and Sound indicator representing whether the car has upgraded speakers (yes) or no otherwise. All cars in this data set were less than one year old when priced and considered to be in excellent condition.

1.Determine which major variables are dummies and are dynamic?

2.Identify 3 potential unobserved heterogeneous factors in this dataset.

3.Display the full descriptive statistics of the data in R. Why do you think some variables are starred (*)?