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1. Describing qualitative information: Defining a dummy variable Which of the following factors can be defined as dummy variables? Check all that apply. Chicago residency
1. Describing qualitative information: Defining a dummy variable Which of the following factors can be defined as dummy variables? Check all that apply. Chicago residency Gender House ownership Marital status Consider the following data table. (Hint: If the person owns a house, then that information is coded as 1; otherwise it is coded as 0. Similarly, if the person has a college degree, that is coded as 1; otherwise it is coded as 0.) Person ID Annual Income Years of Schooling Owns a House Has a College Degree Number of Children (Dollars) 8870 65,002 17 0 1 1 1317 55,002 15 1 0 1 3558 60,002 10 1 0 1 9756 55,002 15 1 0 2 7100 45,002 16 0 1 5 5438 35,002 17 0 1 5 Which of the following pertains to Person ID = 5438? The person owns a house, has 17 year
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