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Consider the Following Regression Equation: Y = β0+β1x1+…βkxk+ U in Which

Question 16

Multiple Choice

Consider the following regression equation: y = β0+β1x1+…βkxk+ u In which of the following cases,the dependent variable is binary?


A) y indicates the gross domestic product of a country
B) y indicates whether an adult is a college dropout
C) y indicates household consumption expenditure
D) y indicates the number of children in a family

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