Question: Question 7 3 points Save Answer The beta estimate for the dummy variable for age (1 for those bigger than age 78 and 0 for

 Question 7 3 points Save Answer The beta estimate for thedummy variable for age (1 for those bigger than age 78 and0 for those head(Credit) ID Income Limit Rating Cards Age Education Gender

Question 7 3 points Save Answer The beta estimate for the dummy variable for age (1 for those bigger than age 78 and 0 for those head(Credit) ID Income Limit Rating Cards Age Education Gender Student Married Ethnicity Balance 1 1 14.891 3606 283 2 34 11 Male No Yes Caucasian 333 2 2 106.025 6645 483 3 82 15 Female Yes Yes Asian 903 3 3 104.593 7075 514 4 71 11 Male No No Asian 580 4 4 148.924 9504 681 3 36 11 Female No No Asian 964 5 5 55.882 4897 357 2 68 16 Male No Yes Caucasian 331 6 6 80.180 8047 569 4 77 10 Male No No Caucasian 1151 Choose the best 4 parameters to predict credit balance and provide the equation

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