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    Business Statistics Communicating with Numbers Study Set 2
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    Exam 17: Regression Models With Dummy Variables
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    Consider the Model Y = β<Sub>0 </Sub>+ β<Sub>1</sub>x + β<Sub>2</sub>d
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Consider the Model Y = β0 + β1x + β2d

Question 4

Question 4

Multiple Choice

Consider the model y = β0 + β1x + β2d + ε,where x is a quantitative variable and d is a dummy variable.We can use sample data to estimate the model as _______________.


A) Consider the model y = β<sub>0 </sub>+ β<sub>1</sub>x + β<sub>2</sub>d + ε,where x is a quantitative variable and d is a dummy variable.We can use sample data to estimate the model as _______________. A)    = b<sub>0</sub>+ b<sub>1</sub>x + b<sub>2</sub>d B)    = b<sub>0 </sub>+ b<sub>1</sub>x C)    = b<sub>0 </sub>+ b<sub>2</sub>d D)   = b0+ b1x + b2d
B) Consider the model y = β<sub>0 </sub>+ β<sub>1</sub>x + β<sub>2</sub>d + ε,where x is a quantitative variable and d is a dummy variable.We can use sample data to estimate the model as _______________. A)    = b<sub>0</sub>+ b<sub>1</sub>x + b<sub>2</sub>d B)    = b<sub>0 </sub>+ b<sub>1</sub>x C)    = b<sub>0 </sub>+ b<sub>2</sub>d D)   = b0 + b1x
C) Consider the model y = β<sub>0 </sub>+ β<sub>1</sub>x + β<sub>2</sub>d + ε,where x is a quantitative variable and d is a dummy variable.We can use sample data to estimate the model as _______________. A)    = b<sub>0</sub>+ b<sub>1</sub>x + b<sub>2</sub>d B)    = b<sub>0 </sub>+ b<sub>1</sub>x C)    = b<sub>0 </sub>+ b<sub>2</sub>d D)   = b0 + b2d
D) Consider the model y = β<sub>0 </sub>+ β<sub>1</sub>x + β<sub>2</sub>d + ε,where x is a quantitative variable and d is a dummy variable.We can use sample data to estimate the model as _______________. A)    = b<sub>0</sub>+ b<sub>1</sub>x + b<sub>2</sub>d B)    = b<sub>0 </sub>+ b<sub>1</sub>x C)    = b<sub>0 </sub>+ b<sub>2</sub>d D)

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