Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. Describing qualitative information: Defining a dummy variable Which of the following factors can be defined as dummy variables? Check all that apply. Detroit residency
1. Describing qualitative information: Defining a dummy variable Which of the following factors can be defined as dummy variables? Check all that apply. Detroit residency Date of birth Marital status House ownership Consider the following data table. (Hint: If the person is married, then that information is coded as 1; otherwise it is coded as 0. Similarly, if the person is a resident of Detroit, that is coded as 1; otherwise it is coded as 0.) Person ID Annual Income (Dollars) 98,045 Years of Schooling Married Resides in Detroit Number of Children 9608 15 1 0 4 1844 63,609 12 1 0 3 5700 60,827 17 0 1 1 8823 116,654 16 0 1 3 7064 79,436 15 0 1 5 3421 77,218 14 1 0 2 Which of the following pertains to Person ID = 5700? Annual Income (Dollars) Person ID Years of Schooling Married Resides in Detroit Number of Children 9608 15 1 0 4 98,045 63,609 1844 12 1 0 3 5700 60,827 17 0 1 1 8823 116,654 16 0 1 3 7064 79,436 15 0 1 5 3421 77,218 14 1 0 2 Which of the following pertains to Person ID = 5700? The person is married, has 17 years of schooling, earns $60,827 per year, and is a resident of Detroit. The person is not married, has 17 years of schooling, earns $60,827 per year, and is not a resident of Detroit. The person is not married, has 17 years of schooling, earns $60,827 per year, and is a resident of Detroit. The person is married, has 17 years of schooling, earns $60,827 per year, and is not a resident of Detroit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started