Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose you have a nominal variable with 5 categories, then the minimum number of dummy variables that can be defined from this nominal variable is:

image text in transcribed
Suppose you have a nominal variable with 5 categories, then the minimum number of dummy variables that can be defined from this nominal variable is: a. 3 b. 1 O c c. 2 d. 4

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions