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For each of the following, show how you would typically code dummy (or indicator) variables to include in a regression model. a) Company unionization status (Unionized, No Union) b) Gender (Female, Male) c) Account Status (Paid on time, Past Due) d) Political party affiliation (Democrat, Republic, Other)

For each of the following, show how you would typically code dummy (or indicator) variables to include in a regression model. a) Company unionization status (Unionized, No Union) b) Gender (Female, Male) c) Account Status (Paid on time, Past Due) d) Political party affiliation (Democrat, Republic, Other)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.2: Representing Data
Problem 22PFA
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indlude answer(s) for part(s) A, B, C & D.

For each of the following, show how you would typically code dummy (or indicator) variables to include in a regression model. a) Company unionization status (Unionized, No Union) b) Gender (Female, Male) c) Account Status (Paid on time, Past Due) d) Political party affiliation (Democrat, Republic, Other) a) Choose the correct answer below. O A. Unionized = 1, No Union = 0 O B. Unionized = Yes, No Union = No OC. Two variables. One variable has Unionized = 1, 0 otherwise and another variable has No Union = 1,0 otherwise. O D. Unionized = A, No Union = B
Transcribed Image Text:For each of the following, show how you would typically code dummy (or indicator) variables to include in a regression model. a) Company unionization status (Unionized, No Union) b) Gender (Female, Male) c) Account Status (Paid on time, Past Due) d) Political party affiliation (Democrat, Republic, Other) a) Choose the correct answer below. O A. Unionized = 1, No Union = 0 O B. Unionized = Yes, No Union = No OC. Two variables. One variable has Unionized = 1, 0 otherwise and another variable has No Union = 1,0 otherwise. O D. Unionized = A, No Union = B
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