A Dummy Variable Takes on the Value of 1 for Cases

question 18

True/False

A dummy variable takes on the value of 1 for cases having one value of the nominal or ordinal variable, and a value of 0 for cases falling into all other values of the variable.

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Definitions:

Philippines

A Southeast Asian country composed of more than 7,000 islands, known for its biodiversity, cultural diversity, and vibrant economy.

China

A country located in East Asia, known for being the world's most populous nation and having one of the largest economies globally.

Complementary Resources

Goods or services that enhance the value of another good or service when used in conjunction with it.

Immigration

The process by which individuals move from one country to live permanently in another.