A Variable That Takes on the Values of 0 or 1

question 55

Multiple Choice

A variable that takes on the values of 0 or 1 and is used to incorporate the effect of qualitative variables in a regression model is called

• A)an interaction
• B)a constant variable
• C)a dummy variable
• D)None of these alternatives is correct.

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Definitions:

Same-sex Marriage

The legally or socially recognized marriage between two individuals of the same sex.

Socioeconomic Status

An individual's or group's position within a hierarchical social structure, determined by factors such as income, education, and occupation.

Honesty

The quality of being fair and truthful; the act of being sincere and straightforward in one's actions and statements.

Homogamy

The tendency of people to marry others who have similar personal characteristics.