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A dummy variable (true/false) in a sample reports a mean of 0.64 (where true is given a value of 1 and false is given a
A dummy variable (true/false) in a sample reports a mean of 0.64 (where true is given a value of 1 and false is given a value of 0). How can this statistic be interpreted?
Select one or more:
a.The sample data is skewed
b.There are 100 observations in the sample
c.The relative frequency of true in the sample is 0.64
d.More of the population will also be true
e.64% of the population satisfy the dummy variable condition
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