A study was conducted to determine personal monthly expenses ($) for retired men based on the savings
Question:
A study was conducted to determine personal monthly expenses ($) for retired men based on the savings in their bank account. The following scatterplot shows the distribution between male (blue) and female (orange) on the personal monthly expense over their savings. (Data in Personal Monthly Expenses)
Expenses vs. Savings
a) Why might a researcher want to use an indicator variable for the gender?
b) What would the data values in such an indicator variable be?
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Related Book For
Business Statistics
ISBN: 9781292269313
4th Global Edition
Authors: Norean Sharpe, Richard De Veaux, Paul Velleman
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