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Question
If a decision maker wishes to develop a regression model in which the University Class Standing is a categorical variable with 5 possible levels of response, then he will need to include how many dummy variables?
A) 5
B) 4
C) 1
D) 3
Answer
This answer is hidden. It contains 10 characters.
Related questions
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When an interviewer asks a specified series of questions in the course of a personal interview, he/she is conducting an unstructured interview.
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Descriptive statistics allow a decision maker to reach a conclusion about a population based on a subset from the population.
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A stem and leaf diagram is an alternative to using:
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B) a bar chart.
C) a histogram.
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Which of the following is true about the difference between stem and leaf diagrams and histograms?
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B) decrease the class width.
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B) The spread in the data
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