Dummy Variables Are Also Called All of the Names Below

question 119

Multiple Choice

Dummy variables are also called all of the names below except .

• A) dichotomous
• B) quantitative
• C) binary
• D) instrumental

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Definitions:

Water

Water is a transparent, tasteless, odorless, and nearly colorless chemical substance that is essential for the survival of most known forms of life.

Marginal Cost

The expense associated with manufacturing an additional unit of a product or service.

Price Reduction

A decrease in the cost of goods or services, often used as a strategy to increase demand or sales.

Unsold Donuts

The quantity of donuts that remain unsold at the end of a selling period, signifying excess supply or lack of demand.