Multiple Choice
Which of the following is true of dummy variables?
A) A dummy variable always takes a value less than 1.
B) A dummy variable always takes a value higher than 1.
C) A dummy variable takes a value of 0 or 1.
D) A dummy variable takes a value of 1 or 10.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q18: A binary response is the most extreme
Q19: In a self-selection problem, the explanatory variables
Q20: Which of the following Gauss-Markov assumptions is
Q21: The sum of squared residuals form of
Q22: Consider the model: log (wage) = <img
Q23: Consider the following regression equation: y =
Q24: The following simple model is used to
Q26: The quarterly increase in an employee's salary
Q27: In the following regression equation, y is
Q28: A binary variable is a variable whose