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    Statistics
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    Statistics for Management and Economics
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    Exam 18: Model Building
  5. Question
    Dummy Variables Are Variables That Can Take on Only Two
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Dummy Variables Are Variables That Can Take on Only Two

Question 35

Question 35

True/False

Dummy variables are variables that can take on only two values (namely,0 or 1)and that are used to indicate the absence or presence of a particular nominal characteristic.

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